Question: Suppose that the aggregate labor supply function H(W) is given by the following equation: H=2000.W%, where H is the amount of work hours supplied and

Suppose that the aggregate labor supply function H(W) is given by the following equation: H=2000.W%, where H is the amount of work hours supplied and W is the wage rate (measured in dollars per hour). What is the labor supply elasticity when W = 25? Calculate its value and enter it below. Round your answer to two decimal spaces

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