You are given a background paragraph that describes one or more causal or qualitative relationships such as a relationship in economics or a scientific law and a story that makes use of the concepts or the relationship described in the provided paragraph. You are also given a question about the story that requires an understanding of the relationship described in the background paragraph and the story. You need to come up with an answer to the given question; the answer will be a span from either the question or the story. In order to correctly answer the given question, you need to understand the relationship mentioned in the background paragraph and should be able to use it to understand that in the story. Your answer can not consist of any word that is not mentioned in any of these: the background paragraph, the story, or the question. You can directly copy and paste a span from the story or the question while answering the given question.

Q: Background Paragraph: The trade-off theory of capital structure is the idea that a company chooses how much debt finance and how much equity finance to use by balancing the costs and benefits. The classical version of the hypothesis goes back to Kraus and Litzenberger[1] who considered a balance between the dead-weight costs of bankruptcy and the tax saving benefits of debt. Often agency costs are also included in the balance. This theory is often set up as a competitor theory to the pecking order theory of capital structure. A review of the literature is provided by Frank and Goyal.[2]

An important purpose of the theory is to explain the fact that corporations usually are financed partly with debt and partly with equity. It states that there is an advantage to financing with debt, the tax benefits of debt and there is a cost of financing with debt, the costs of financial distress including bankruptcy costs of debt and non-bankruptcy costs (e.g. staff leaving, suppliers demanding disadvantageous payment terms, bondholder/stockholder infighting, etc.). The marginal benefit of further increases in debt declines as debt increases, while the marginal cost increases, so that a firm that is optimizing its overall value will focus on this trade-off when choosing how much debt and equity to use for financing. 
Story: Company X stopped taking on more debt, and decided to file for bankruptcy, while company Y, kept benefiting from the tax benefits of debt, having a lower debt level. 
Question: Which company had more costs than benefits related to debt, company X or company Y?

A: company X.
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Q: Background Paragraph: A large log placed in a fire will burn relatively slowly. If the same mass of wood were added to the fire in the form of small twigs, they would burn much more quickly. This is because the twigs provide a greater surface area than the log does. An increase in the surface area of a reactant increases the rate of a reaction. Surface area is larger when a given amount of a solid is present as smaller particles. A powdered reactant has a greater surface area than the same reactant as a solid chunk. In order to increase the surface area of a substance, it may be ground into smaller particles or dissolved into a liquid. In solution, the dissolved particles are separated from each other and will react more quickly with other reactants. 
Story: Two groups of scientists examined two fires. Group A put a large log on it, and group B made a fire with small twigs. They wanted to see which fire would last longer. 
Question: Which group had a fire that burned faster?

A: group B.
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Q: Background Paragraph: Fish reproduce sexually. They lay eggs that can be fertilized either inside or outside of the body. In most fish, the eggs develop outside of the mother's body. In the majority of these species, fertilization also takes place outside the mother's body. The male and female fish release their gametes into the surrounding water, where fertilization occurs. Female fish release very high numbers of eggs to increase the chances of fertilization. 
Story: Two brothers learned about animal reproduction, Tim learned about fish reproduction, while Bill learned about mammal reproduction. They both received grade A. 
Question: Which brother studied more about fertilization that takes place outside the mother's body?

A:
Tim.
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