Refer to the information provided in Figure 19.1 below to answer the question(s) that follow. 
Figure 19.1 Refer to Figure 19.1. Initially 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. $12; $7
B. $9; $9
C. $10; $10
D. $10; $9
Answer: A
You might also like to view...
Behavioral economists focus on the assumption that
A) consumers have limitations that prevent them from examining all possible choices when they make decisions. B) consumer behavior cannot be predicted by economics. C) consumers are irrational and so they do not seek to maximize utility. D) consumer choice is perfectly predictable by basic economic theory.
The amount of after-tax income received by households is measured by:
A. discretionary income. B. national income. C. disposable income. D. personal income.
In the product market, changes in technology affect the marginal ________ of a unit of output. In the labor market, changes in technology affect the marginal ________ of a unit of labor input.
A. cost; cost B. revenue product; cost C. cost; revenue product D. revenue; revenue
The provision of an education in public school is
A) exclusive and rival. B) exclusive and non-rival. C) nonexclusive and non-rival. D) nonexclusive and rival. E) a public good, regardless of exclusivity and rivalness.