Scenario: Suppose That Professors Pay Their Teaching Assistants $10 an Hour

Scenario: Suppose that professors pay their teaching assistants $10 an hour to grade papers for their classes, and then the professors sell the graded papers back to the students in their classes for $.75 a paper. The following table shows the number of papers graded in a given number of hours.

-Refer to the scenario above.What is the average productivity of labor over the full 7 hours of labor?

A) 5 papers/hour
B) 14 papers/hour
C) 22 papers/hour
D) 40 papers/hour

Correct Answer:

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