The average inflation in India in 2010 reached 12. During the same period, government deficits became large and interest rates increased. Most…
September 3, 2020
between 1997 and 2001 many apple farmers switched from traditional to organic growing methods, increasing production of organically grown apples from…
September 3, 2020

Twenty first century electronics has discovered a theft problem at its warehouse and has decided to hire security guards. The firm wants to hire the optimal number of security guards. The following table shows how the number of security guards affects the number of radios stolen per week. Number of security guards————– Number of radios stolen per week 0————————————–50 1—————————————30 2—————————————-20 3—————————————-14 4—————————————–8 5—————————————–6 (a) If each security guard is paid $200 a week and the cost of a stolen radio is $25, how many security guards should the firm hire? (b) If the cost of a stolen radio is $25, what is the most firm would be willing to pay to hire the first security guard? (c) If each security guard is paid $200 a week and the cost of a stolen radio is $50, how many security guards should the firm hire?

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