Without trade, jake consumes 20 pounds of green beans and 80 pounds of corn, and jane consumes 40 pounds of green beans and 40 pounds of corn. if the terms of trade are 1 pound of green beans for 3 pounds of corn, and jake sells jane 72 pounds of corn after specialization, then jake consumes pounds of green beans and pounds of corn.

The distinction between a normal and an inferior good is

Pennewell publishing inc. (pp) is a zero growth company. it currently has zero debt and its earnings before interest and taxes (ebit) are $80,000. pp's current cost of equity is 10%, and its tax rate is 40%. the firm has 10,000 shares of common stock outstanding selling at a price per share of $48.00. refer to the data for pennewell publishing inc. (pp). pp is considering changing its capital structure to one with 30% debt and 70% equity, based on market values. the debt would have an interest rate of 8%. the new funds would be used to repurchase stock. it is estimated that the increase in risk resulting from the added leverage would cause the required rate of return on equity to rise to 12%. if this plan were carried out, what would be pp's new value of operations? a. $484,359 b. $521,173 c. $584,653 d. $560,748 e. $487,805

Describe how to write a main idea expressed as a bottom-line statement