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Scenario: Suppose that professors pay their teaching assistants $10 an hour to grade papers for ...

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Scenario: Suppose that professors pay their teaching assistants $10 an hour to grade papers for ...

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.

Hours of Labor	Number of Papers Graded
1	40
2	75
3	105
4	130
5	142
6	149
7	154

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

▸ 22 papers/hour

▸ 14 papers/hour

▸ 40 papers/hour

▸ 5 papers/hour

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 33 times

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