I each security guard is paid 200 week and cost of stolen

Reference no: EM13389279

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 Number of radios

security guards 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 the 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?

Reference no: EM13389279

Questions Cloud

What fraction of total variation in sales of bright side : the director of marketing at vanguard corporation believes that sales of the companys bright side laundry detergent s

The research paper should be comprehensive and include : develop a three- to four-page analysis excluding the title and reference pages on the projected return on investment

The purpose of the discussion board is to allow students to : the purpose of the discussion board is to allow students to learn through sharing ideas and experiences as they relate

Snowden and boone 2007 offer a framework for : q1. write 2-3 paragraphs regarding your thoughts on enrons values organizational culture and leadership. q.2 snowden

I each security guard is paid 200 week and cost of stolen : twenty-first century electronics has discovered a theft problem at its warehouse and has decided to hire security

The dear for a bank is 6500 what is the var for an 8-day : 1. the dear for a bank is 6500. what is the var for an 8-day period? a 16-day period? why is the var for a 16-day

Describe how you might apply insights about developing : 1.choose a water park or other vacation destination. create a hypothetical marketing campaign that uses what yoursquove

On december 31 prior to adjustments the balance of accounts : on december 31 prior to adjustments the balance of accounts receivable is 16000 and allowance for doubtful accounts has

Would he be justified in concluding that walking slowly may : a health researcher is interested in determining whether or not the speed at which people walk is related to their

User Account

All Pages