Post a New Question

Economics

posted by .

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 -

    See my post above

  • Economics -

    .5 and inelastic

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

More Related Questions

Post a New Question