Description of this paper

Twenyfirst Century Electronics has discovered a theft problem

Description

solution


Question

Twenyfirst 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. The following table shows how the number of security guards affects the number of radios stolen each week.;Number of guards number of radios stolen;0 50;1 30;2 20;3 14;4 8;5 6;a. If a security guard is paid $200.00 a week and the cost of a stolen radio is $25.00, how many security guards should the firm hire?;b. If the cost of a stolen radio is $25.00, 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 $50.00 how many security guards should the firm hire?

 

Paper#21359 | Written in 18-Jul-2015

Price : $22
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