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Home Grades Personalized Reviews Discussion Course Materials lasticity and Its Application (Mobile-Enabled) raded Assignment I Read Chapter 5 Back to Assignment Due Sunday 02.03.19 at 11 Attempts: 0 Keep the Highest: 0/1 7. Calculating the price elasticity of supply Sam is a college student who lives in New York City and does some consulting work for extra cash. At a wage of $35 per hour, he is willing to work 8 hours per week. At $40 per hour, he is willing to work 14 hours per week. using the midpoint method, the elasticity of Sams labor supply between the wages of $35 and $40 per hour is approximately 0.02 that Sams supply of labor over this wage range is elastic hich means Copyright Notices Terms of Use Privacy Notice Security Notice Accessibility 57
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