Which of the following statements best reflects the idea of declining marginal benefit?
a) the more i ate of the candy, the better it tasted.
b) as we purchased more and more lumber, the price kept going up until we could no longer afford to buy the lumber we needed.
c) our family really needed our first car, and we got a second car because it was convenient, but we see no reason to buy a third car.
d) the chairs were selling for $20 for the first chair, but the price was reduced by one dollar for each additional chair purchased.

Employers hiring for entry-level positions in hospitality and tourism expect workers to

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

Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply. current members will pay more per month. the quantity demanded for memberships will decrease. the number of available memberships will increase. the owner will make more money. bond's gym will receive more membership applications.