WAGE (Dollars per hour) 20 18 16 14 12 10 8 4 2 0 0 40 80 120 160 200 240 280 320 380 400 LABOR (Number of workers) Tax Proposal Levied on Employers (Dollars per hour) 0 2 Supply Demand I Levied on Workers Graph Input Tool Market for Laboratory Aides (Dollars per hour) 0 4 2 Wage (Dollars per hour) Quantity Hired (Number of workers) Labor Demanded (Number of workers) Demand Shifter Tax Levied on Employers (Dollars per hour) 4 248 For each of the proposals, use the previous graph to determine the new number of laboratory aides hired. Then compute the after-tax amount paid y employers (that is, the wage paid to workers plus any taxes collected from the employers) and the after-tax amount earned by laboratory aides that is, the wage received by workers minus any taxes collected from the workers). 0 Labor Supplied (Number of workers) Supply Shifter Tax Levied on Workers (Dollars per hour) After-Tax Wage Paid by Employers (Dollars per hour) 152 0 After-Tax Wage Received by Workers (Dollars per hour)
WAGE (Dollars per hour) 20 18 16 14 12 10 8 4 2 0 0 40 80 120 160 200 240 280 320 380 400 LABOR (Number of workers) Tax Proposal Levied on Employers (Dollars per hour) 0 2 Supply Demand I Levied on Workers Graph Input Tool Market for Laboratory Aides (Dollars per hour) 0 4 2 Wage (Dollars per hour) Quantity Hired (Number of workers) Labor Demanded (Number of workers) Demand Shifter Tax Levied on Employers (Dollars per hour) 4 248 For each of the proposals, use the previous graph to determine the new number of laboratory aides hired. Then compute the after-tax amount paid y employers (that is, the wage paid to workers plus any taxes collected from the employers) and the after-tax amount earned by laboratory aides that is, the wage received by workers minus any taxes collected from the workers). 0 Labor Supplied (Number of workers) Supply Shifter Tax Levied on Workers (Dollars per hour) After-Tax Wage Paid by Employers (Dollars per hour) 152 0 After-Tax Wage Received by Workers (Dollars per hour)
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter14: Labor Markets And Income
Section: Chapter Questions
Problem 2SCQ: Table 14.11 shows levels of employment (Labor), the marginal product at each of those levels, and a...
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