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.If the professors then raise the price of papers to $1.50,how many hours of labor should the professors employ to maximize their profits?

A) 2
B) 3
C) 4
D) 5

Correct Answer:

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