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Refer to Figure 19.1. At the new equilibrium after the payroll tax is imposed, the firms? cost per unit of labor is ________ per hour
Refer to Figure 19.1. At the new equilibrium after the payroll tax is imposed, the firms? cost per unit of labor is ________ per hour and the workers? take home pay is ________ per hour.
a.$10; $10
b.$12; $7
c.$9; $9
d.$10; $5
Refer to the information provided in Figure 19.1 below to answer the question(s) that follow. Wager rate S' (as a function of per hour what firms pay) S (as a function of what workers take home) 12 10 500 650 700 800 Units of labor Figure 19.1 Refer to Figure 19.1. At the new equilibrium after the payroll tax is imposed, the firms' cost per unit of labor is per hour and the workers' take home pay is per hour. O a. $10; $10 O b. $12; $7 O c. $9; $9 O d. $10; $5Step by Step Solution
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