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. After firms can respond to the payroll tax, the per-hour wage paid by firms equals

Question

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. After firms can respond to the payroll tax, the per-hour wage paid by firms equals

Quizplus · Accepted Answer

The per-hour wage paid by firms equals $10 after firms can respond to the payroll tax. This is because the payroll tax is a tax on employers, and employers will pass on the cost of the tax to their employees in the form of lower wages.

Refer to the Information Provided in Figure 19