Microeconomics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson

تمرين 9

Suppose that you were the manager of a large retail store that was currently experiencing a shoplifting problem. Every hour, approximately $15 worth of merchandise was being stolen from your store. Suppose that a security guard would completely eliminate the shoplifting in your store. If you were interested in maximizing your profits, should you hire a security guard if the wage rate of security guards was $20 per hour Why or why not What does this imply about the relationship between average shoplifting per hour in the economy and the wage rates of security guards