Suppose that you are the manager of a large retail store that is currently experiencing a shoplifting problem. Every hour, $25 worth of merchandise is being stolen from your store. Suppose that a security guard would completely eliminate the shoplifting in your store. The hourly market wage for a security guard is $33. If you were interested in maximizing your profits, should you hire a security guard?
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Suppose that you are the manager of a large retail store that is currently experiencing a shopliftin...
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