Maximization of Security Guards: Optimal Number for Profit
The firm, 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 to maximize profit. The following table shows how the number of security guards affects the number of radios stolen per week. Currently, 20 radios are stolen per week, and each security guard is paid $200 a week. The cost of a stolen radio is $50. How many security guards should the firm hire for optimal profit?