A government agency is having problems with personal telephone calls made during working hours. Because each minute of a personal call costs the agency $0.50 in wasted wages, it has decided to hire operators to monitor calls. The agency wants to hire the number of operators that will maximize the net benefit of hiring operators to monitor calls. Number of operators Minutes of personal calls(per week) 0 3,900 1 2,300 2 1,300 3 600 4 100 5 0 Based on the information in the table, if operators receive $400 a week, what is the lowest possible total cost of personal calls?
A government agency is having problems with personal telephone calls made during working hours. Because each minute of a personal call costs the agency $0.50 in wasted wages, it has decided to hire operators to monitor calls. The agency wants to hire the number of operators that will maximize the net benefit of hiring operators to monitor calls. Number of operators Minutes of personal calls(per week) 0 3,900 1 2,300 2 1,300 3 600 4 100 5 0 Based on the information in the table, if operators receive $400 a week, what is the lowest possible total cost of personal calls?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A government agency is having problems with personal telephone calls made during working hours. Because each minute of a personal call costs the agency $0.50 in wasted wages, it has decided to hire operators to monitor calls. The agency wants to hire the number of operators that will maximize the net benefit of hiring operators to monitor calls. Number of operators Minutes of personal calls(per week) 0 3,900 1 2,300 2 1,300 3 600 4 100 5 0 Based on the information in the table, if operators receive $400 a week, what is the lowest possible total cost of personal calls?
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