Optimum level of security guards

Assignment Help Macroeconomics

Reference no: EM1370187

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. A table shows the number of security guards affects the number of radios stolen per week.
number of guards... number of radios stolen per week
0 50
1 30
2 20
3 14
4 8
5 6

a). if each guard is paid 200 each week, and the cost of a stolen radio is $25, how many security guards should the firm hire?
b).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: EM1370187

Questions Cloud

Give three network addresses : Subnet 2 is to support up to 95 interfaces, and Subnet 3 is to support up to 16 interfaces. Give three network addresses (of the form a.b.c .dJx) which fulfill these constraints.

Identify key safety issues and design a security process : Design a security process that would control the delivery of goods to your floors and monitor the comings and goings of employees onto your specific floors.

Concept of the law of diminishing returns : Describe the concept of the law of "diminishing returns" and why does it take place only in short run? Differentiate between "the long run return to scale" and "economies of scale."

Political parties and influence : how do the major political parties influence public values and ideas?

Optimum level of security guards : 21st century electronics has found a theft problem at its warehouse and has decided to hire security guards. The firm wants to hire the optimal number of security guards.

Different sources and types of authority : Health Care Organizations Management and what are the different sources and types of authority

How project visualization maps to architectural views : Choose one of the agile software development methodologies/processes and explain how changes can be managed in software development projects. Describe how project visualization maps to architectural views.

Environmental uncertainty : Environmental uncertainty - made up of complexity - Important than the others in terms of effecting change in organization structure?

Explain the global investment fund : Determine the following information and then calculate the required rate of return for the Global Investment Fund

User Account

All Pages