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 marginal productivity of labor of the fifth hour of labor?
A) 7 papers
B) 12 papers
C) 19 papers
D) 22 papers
Correct Answer:
Verified
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