Wednesday
April 16, 2014

Homework Help: Economics

Posted by Jon on Monday, September 21, 2009 at 9:57pm.

Asher is a stay at home dad who provides math tutoring for extra cash. At a wage of $30 per hour, he is willing to tutor 5 hours per week. At $45 per hour, he is willing to tutor 6 hours per week. Using the midpoint method, the elasticity of Asher’s labor supply between the wages of $30 and $45 per hour is approximately ( .5, 1, 2.2, .45), which means that Asher’s supply of labor over this wage range is (elastic, unit elastic, inelastic).

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Economics/Calculus - Asher is a stay at home dad who provides math tutoring for ...
Math - A student ears $10 per hour for tutoring and $7 dollars per hour as a ...
microeconomics - Jason wants to hire Maria to tutor him in economics. Jason is ...
algebra - Math Magicians charges $45 registration fee plus $30 per hour for ...
math - Hi I can't remember how to figure this out. Can you give me an idea? In ...
math - Mack’s hourly wage is raised from $12.10 per hour to $13.35 per hour. He ...
MATH - Could someone please double check me...
Math - In 1968, the U.S. minimum wage was $1.60 per hour. In 1976, the minimum ...
economics - Payroll Tax- You are an economic consultant to a city that just ...
calculus - Suppose the function G(t) represents a test grade (out of 100 points...

Search
Members