question archive Asher is a stay at home dad who provides math tutoring for extra cash
Asher is a stay at home dad who provides math tutoring for extra cash
Subject:EconomicsPrice:2.88 Bought3
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:
a. Elastic
b. Unit elastic
c. Inelastic
