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?

In recent years fresh bagel sales have been growing at about 30% per year. Once considered an ethnic food to be eaten only by some consumers, bagels now “have become the new doughnut to bring to the office.” But one problem with bagels is that they get stale fast. In the words of Ray Lahvic, editor emeritus of Bakery Production and Marketing, “The worst thing in the world is a day-old bagel.” If a market researcher asserts that the slope of the typical consumer’s indifference curve between fresh bagels and day-old bagels is -1, would you agree with Mr. Lahvic’s statement about fresh and day-old bagels given above? Please explain.   Note: Slope of the indifference curve is the marginal rate of substitution (MRS) and the MRS is defined as “How much of good A will a consumer give up to get one more unit of good B such that the total utility before and after the change in consumption of A and B is the same.”

Suppose that a firm cannot give up one input in exchange for the other and still maintain the same level of output. Calculate the elasticity of substitution in this case and elaborate on your answer.

ollingOnelED.. App Inventor Tic Ta... Calendly-Kathryn.. eaaesID JO Ə V Diane owns a store that sells computers. Her profit, in dollars, is represented by the function P(x) = x - 22x2 - 240x, where x is the number of computers sold. Part A: Diane hopes to make a profit of at least $10,000 by the time she sells 36 computers. Explain whether or not Diane will meet her goal. Justify your reasoning. Part B: Diane states that there are three possible values of x for which she will have a profit of$0. Find the values of x that produce a zero profit to show whether Diane is correct or not. Justify your reasoning.

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Please help!! Barbara is an economist researcher and commentator. The Eco Books Ltd offers her $13,000 for writing a book about economics principles. Barbara has never written a book about economics principles, but accepts the offer and writes the economics book called 'Principles of Economics'. She assigns the book's copyright for $13,400 to The Eco Books Ltd. The book is published and she is paid. She also sells the book's manuscript to the Eco Books Ltd's library for $4,350 plus several interview manuscripts she has collected while writing the economics book for which she receives $3,200. Discuss each of the above payments to Barbara separately and states if these are income from Barbara's personal exertion. Would your answer differ if Barbara wrote the Principles of Economics' book before signing a contract with The Eco Books Ltd in her spare time and only decided to sell it later? Support your answer by referring to relevant statutory and case law.

Twentyfirst Century Electronics has discovered a theft problem at its warehouse and hasd 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 Guards O 1 2 345 Number of Radios Stolen per week 50 30 20 14 8 6 a) 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? 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 secuirty 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?

On the occasion of summer vacation, a student plans to open a milk tea shop. Before deciding to open a store, she wants to find out how profits fluctuate with fluctuations in selling prices and costs per unit of product. The selling price per cup of milk tea can range from VND 20,000.00 to VND 30,000.00 (the level of change is VND 1,000.00 each time) and the cost to make a cup of milk tea can range from VND 13,000.00 to VND 17,000.00 (the level of change is VND 500 each time). Knowing that the initial fixed cost is VND 24,000,000.00 and the number of cups of milk tea sold (Demand) depends on the selling price according to the formula: Demand = 24000 - 0.5 * Unit Price Use the two-dimensional sensitivity analysis to answer the following questions: a) What is the profit if the selling price is 23,000.00 VND and the cost per unit is 15,000.00 VND? b) How will profit change with each increase in cost of a product unit by VND 500.00 with a constant selling price of VND 25,000.00? c) What is…