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)

We can deduce that the elasticity of the labor supply is greater than 1 the labor supply is considered elastic

Step-by-step explanation:

The formula to use is the following:

Elasticity = (Change in working hours / Average working hours) / (Change in wage rate / Average wage rate)

we replace the data

Elasticity = [(7 - 3) / (7 + 3) / 2] / [(50 - 30) / (50 + 30) / 2]

Elasticity = [4 / (10/2)] / [20 / (80/2)]

Elasticity = (4/5) / (20/40)

Elasticity = 0.8 / 0.5

OUTCOME

Elasticity = 1.6

We can deduce that the elasticity of the labor supply is greater than 1 the labor supply is considered elastic

step-by-step explanation:

your mom

1. 3.4/4

2. 0.8/7

3. 0.5 x 3

4. 0.9 x 6

5. 10.8

6. 2.35

7. 0.567

8. 9.35

9. 0.02

10. 0.06

11. 0.16

12. 0.42

13. 0.63

14. 5.6

15. 8.1

16. 9.9

17. 0.28

18. 0.48

19. 0.27

20. 0.49

21. 0.45

22. 0.72

23. 0.9

24. 0.88

25. 0.75

26. 0.16

27. 0.328

28. 0.495

29. 0.72

30. 1.068