Suppose Billy owns a hair salon in Dallas. He has one large hair dryer for which he paid $1,000. If he can sell the dryer one year later for $800, his total economic depreciation equals

Workers who are unemployed but are not actively looking for jobs are referred to as:

A) laid back workers. B) laid off workers. C) discouraged workers. D) abandoned workers.

Managers can increase firm profits by:

A) increasing revenue only. B) decreasing costs only. C) increasing revenue and decreasing costs. D) none of the above.