Deborah is a stay-at-home parent who lives in San Francisco and does some consulting work for extra cash. At a wage of $20 per hour, she is willing to work 2 hours per week. At $35 per hour, she is willing to work 11 hours per week. Using the midpoint method, the elasticity of Deborah's labor supply between the wages of $20 and $35 per hour is approximately_____
Deborah is a stay-at-home parent who lives in San Francisco and does some consulting work for extra cash. At a wage of $20 per hour, she is willing to work 2 hours per week. At $35 per hour, she is willing to work 11 hours per week. Using the midpoint method, the elasticity of Deborah's labor supply between the wages of $20 and $35 per hour is approximately_____
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Deborah is a stay-at-home parent who lives in San Francisco and does some consulting work for extra cash. At a wage of $20 per hour, she is willing to work 2 hours per week. At $35 per hour, she is willing to work 11 hours per week.
Using the midpoint method, the elasticity of Deborah's labor supply between the wages of $20 and $35 per hour is approximately_____
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