A business incurs the following costs per unit: Labor - $5/unit; Materials $3/unit and rent - $5000/month. If the firm produces 100 . units a month, the total costs equals

Refer to the scenario above. What is likely to be the impact on Firm B's sales if none of the firms decide to sponsor the event?

A) A 7% increase in sales B) A 0% increase in sales C) A 2% increase in sales D) A 10% increase in sales

By comparison to U.S. labor market policies, European labor market policies promote

A) greater unemployment and job security. B) slower real wage growth and greater income inequality. C) greater job opportunities for low-skill workers and greater bargaining power for workers. D) higher real minimum wages and slower real wage growth.