Business, 12.03.2020 21:00 misrachel03

Raphael is a stay-at-home parent who lives in New York City and provides math tutoring for extra cash. At a wage of $50 per hour, he is willing to tutor 7 hours per week. At $65 per hour, he is willing to tutor 10 hours per week. Using the midpoint method, the elasticity of Raphael's labor supply between the wages of $50 and $65 per hour is approximately ( A. 0.09 B. 0.74 C. 1.35 D. 42,5) , which means that Raphael's supply of labor over this wage range is (A. Elastic B. Inelastic) ?

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Raphael is a stay-at-home parent who lives in New York City and provides math tutoring for extra cas...

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