shamiya15
shamiya15
07.05.2020 • 
Mathematics

Poornima is a stay-at-home parent who lives in San Francisco and teaches tennis lessons for extra cash. At a wage of $30 per hour, she is willing to teach 3 hours per week. At $50 per hour, she is willing to teach 7 hours per week. Using the midpoint method, the elasticity of Poornima's labor supply between the wages of $30 and $50 per hour is approximately(1.6,0.13,0.63,25) , which means that Poornima's supply of labor over this wage range is (elastic, inelastic)

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