Chapter 3 Questions 4 &74. Twenty-first century Electronics has discovered a the

Chapter 3 Questions 4
&74. 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. The following table shows
how the number of security guards affects the number of radios stolen per week.Number
of security guardsNumber
of radiosStolen
per week0
501
302
203
144
85
6a.
If each security guard is paid $ 200 a week and
the coast of a stolen radio is $25 how many security guards should the firm
hire?b.
If 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?