WAGE (Dollars per hour)2018161412106420|I■|TSupplyDemand+0 50 100 150 200 250 300 350 400 450 500LABOR (Number of workers)Graph Input ToolMarket for Laboratory AidesWage(Dollars per hour)Labor Demanded(Number of workers)Demand ShifterTax Levied onEmployers(Dollars per hour)0350Labor Supplied(Number of workers)Supply ShifterTax Levied onWorkers(Dollars per hour)?1500 For each of the proposals, use the previous graph to determine the new number of laboratory aides hired. Then compute the after-tax amount paidby 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).Levied onEmployers(Dollars per hour)4Tax Proposal2Levied onWorkers(Dollars perhour)042Quantity Hired(Number ofworkers)After-Tax Wage Paid byEmployers(Dollars per hour)O The proposal in which the entire tax is collected from workersO The proposal in which the tax is collected from each side evenlyO The proposal in which the tax is collected from employersO None of the proposals is better than the othersAfter-Tax Wage Received byWorkers(Dollars per hour)Suppose the government is concerned that laboratory aides already make too little money and, therefore, wants to minimize the share of the tax paidby employees. Of the three tax proposals, which is best for accomplishing this goal?

A firm’s willingness to pay for each unit of labor it wishes to hire is shown by the labor demand…

WAGE (Dollars per hour) 20 18 16 14 12 10 8 2 0 Supply Demand + 0 50 100 150 200 250 300 350 400 450 500 LABOR (Number of workers) Graph Input Tool Market for Laboratory Aides Wage (Dollars per hour) Labor Demanded (Number of workers) Demand Shifter Tax Levied on Employers (Dollars per hour) 0 350 0 Labor Supplied (Number of workers) Supply Shifter Tax Levied on Workers (Dollars per hour) 150 0

WAGE (Dollars per hour) 20 18 16 14 12 10 8 2 0 Supply Demand + 0 50 100 150 200 250 300 350 400 450 500 LABOR (Number of workers) Graph Input Tool Market for Laboratory Aides Wage (Dollars per hour) Labor Demanded (Number of workers) Demand Shifter Tax Levied on Employers (Dollars per hour) 0 350 0 Labor Supplied (Number of workers) Supply Shifter Tax Levied on Workers (Dollars per hour) 150 0

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter15: Income Inequality And Poverty

Section: Chapter Questions

Problem 7CQ

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