A Convenience Store Is Considering Renting a Surveillance Camera from a Security

question 114

Multiple Choice

A convenience store is considering renting a surveillance camera from a security company that would prevent $100 in shoplifting per year. The yearly rental rate for the camera is $150. To maximize profits, the firm should

• A) rent the camera because the firm wants to completely eliminate shoplifting.
• B) not rent the camera because the rental rate exceeds the value of shoplifting prevented.
• C) rent the camera if VMP exceeds MRP , but not rent the camera if VMP is less than MRP .
• D) Without knowing the rate of diminishing marginal returns, there is not enough information to answer the question.

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Definitions:

Approximate pKa

An estimate of the pKa value, indicative of the acid dissociation constant of a molecule, reflecting its acidity strength.

Acetone

A volatile, flammable, and colorless liquid commonly used as a solvent and in the production of chemicals.

Predict Structure

The process of determining the likely arrangement of atoms within a molecule based on principles of chemistry and physics.

Necessary Reagents

Chemical substances or compounds that are required to initiate or drive a particular chemical reaction.