A radio manufacturer is experiencing theft problems at its warehouse and has decided to hire security guards to reduce the thefts. The firm wants to minimize the net cost of warehouse thefts. 
Given the above info, 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?
A. 1
B. 2
C. 3
D. 4
E. 5
Answer: B
Economics
You might also like to view...
A higher bond price indicates a lower cost of new external funds
Indicate whether the statement is true or false
Economics
There is no trade-off between inflation and unemployment when expectations are ________ and policy changes are ________
A) adaptive; anticipated B) adaptive; unanticipated C) rational; anticipated D) rational unanticipated
Economics