In the Fall, Austin likes to spend evenings riding his bike. What is his opportunity cost of him doing this? a. No opportunity cost since he is doing an activity he enjoys
b. The opportunity cost is the value of the sum of all other things he could do instead of riding his bike
c. The opportunity cost is the value of the next best alternative of his time - how he would spend his evenings if he wasn’t riding his bike

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

The questions of economics address which of the following ? check all that apply

Provide an example of open-ended credit account that caroline has. caroline blue's credit report worksheet.