Question: An electronics manufacturer is experiencing theft problems at its warehouse and has decided to hire security guards to reduce the thefts. The firm wants to

An electronics 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.
If the cost of a stolen electronics part is $25, what is the MOST the firm would be willing to pay to hire the first security guard?
An electronics manufacturer is experiencing theft

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