1. (a) Explain why property rights are best understood as a "Bundle of Sticks."
(b) Provide and explain three examples. At least one paragraph. Please use and cite sources.
2. Your project has a total budget of $10,000,000. At the end of week 26 of your project, you have the following values: Planned Value: $1,000,000 Earned Value: $750,000 Actual Cost: $1,250,000 What is your schedule variance? Is your project ahead of or behind schedule? What is your cost variance? Is your project over budget or under budget? Provide two estimates of the cost at completion for your project. Be sure to show your calculations.