- In Figure 33.4,what is the cost of labor to the firm after the imposition of the payroll tax,and how many workers will be hired?

Name: - In Figure 33.4,what is the cost of labor to the firm after the imposition of the payroll tax,and how many workers will be hired?
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The cost of labor to the firm after the imposition of the payroll tax is represented by W₅, and the number of workers hired is L₁, as the tax increases the cost of labor, reducing the number of workers hired.

- in Figure 33