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

question 15

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

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Definitions:

Cold War

The period of geopolitical tension between the Soviet Union and the United States and their respective allies, lasting from the end of World War II in 1945 until the dissolution of the Soviet Union in 1991.

Civil Rights Movement

The social and political movement in the United States during the 1950s and 1960s aimed at eliminating racial discrimination against African Americans and securing legal rights.

Communists

Individuals or groups who adhere to communist ideology, advocating for a classless society and the abolition of private property.

Electoral Power

The ability or capacity of an individual or group to influence the outcome of elections through voting or other means.