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).

Economics  economyst, Tuesday, September 22, 2009 at 9:06am
See my post above

Economics  Amber, Tuesday, March 4, 2014 at 11:25pm
.5 and inelastic
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