Best Discount Store uses the perpetual system for inventory and had a sale on account to Mark Watson of $3,000 with terms 1/10 or n/30. Before payment, Mr. Watson returned $1,000 of the merchandise. Mr. Watson paid within the discount period.

What is the amount of cash Best Discount Store received?

-$1,980
-$2,000
-$1,970
-$2,970

Suppose the production function in an economy is y = k0.5l0.5, where k is the amount of capital and l is the amount of labor. the economy begins with 64 units of capital and 16 units of labor. use a calculator and equations in the chapter to find a numerical answer to each of the following questions. what are the wage and the rental price of capital? the wage is equal to unit(s) of output and the rental price of capital is equal to unit(s) of output.