Twentyfirst Century Electronics has discovered a theft problem at its warehouse and ha to hire security guards. The firm wants to hire the optimal number of security guards. It estimated that if she has no security guards 50 radios would be stolen per week, with 1 number of stolen radios drops to 30, with 2 guards stolen radios drop to 20, with 3 guare radios fall to 14, with 4 guards stolen radios drop to 8, and with 5 guards only 6 radios w stolen per week. If each security guard is paid 150 dollars per week and the cost of a stoi is 50 dollars, how many security guards should the firm hire?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
At what level of activity A is net benefit maximized?
O 250
O 150
O 125
O
O 500
At what (positive!) level of activity A is net benefit equal to zero?
350
O 125
500
Submit Answer
0 250
Submit Answer
Twentyfirst Century Electronics has discovered a theft problem at its warehouse and has
to hire security guards. The firm wants to hire the optimal number of security guards. It ha
estimated that if she has no security guards 50 radios would be stolen per week, with 1 gu
number of stolen radios drops to 30, with 2 guards stolen radios drop to 20, with 3 guards
radios fall to 14, with 4 guards stolen radios drop to 8, and with 5 guards only 6 radios wou
stolen per week. If each security guard is paid 150 dollars per week and the cost of a stole
is 50 dollars, how many security guards should the firm hire?
O2 guards.
O 5 guards.
O4 guards.
O 3 guards.
O 1 guard.
Activat
Transcribed Image Text:At what level of activity A is net benefit maximized? O 250 O 150 O 125 O O 500 At what (positive!) level of activity A is net benefit equal to zero? 350 O 125 500 Submit Answer 0 250 Submit Answer Twentyfirst Century Electronics has discovered a theft problem at its warehouse and has to hire security guards. The firm wants to hire the optimal number of security guards. It ha estimated that if she has no security guards 50 radios would be stolen per week, with 1 gu number of stolen radios drops to 30, with 2 guards stolen radios drop to 20, with 3 guards radios fall to 14, with 4 guards stolen radios drop to 8, and with 5 guards only 6 radios wou stolen per week. If each security guard is paid 150 dollars per week and the cost of a stole is 50 dollars, how many security guards should the firm hire? O2 guards. O 5 guards. O4 guards. O 3 guards. O 1 guard. Activat
UNCONSTRAINED MAXIMIZATION
Please use the diagram below to answer the questions that follow.
TB/TC
4000
3000
2000
1000
O250
O 1000
500
At what level of activity A is total benefit maximized?
125
O 700
200
Submit Answer
400
600
800
At what level of activity A is net benefit maximized?
1000
Activate W
Go to Settings
Level
of A
Transcribed Image Text:UNCONSTRAINED MAXIMIZATION Please use the diagram below to answer the questions that follow. TB/TC 4000 3000 2000 1000 O250 O 1000 500 At what level of activity A is total benefit maximized? 125 O 700 200 Submit Answer 400 600 800 At what level of activity A is net benefit maximized? 1000 Activate W Go to Settings Level of A
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