Multiple Choice
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 teaching assistants' hourly rate increases to $15,then how many hours of labor should the professors employ to maximize their profits?
A) 2
B) 3
C) 4
D) 5
Correct Answer:
Verified
Correct Answer:
Verified
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