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 discharged more debt, company X or company Y?
[A]: company X.


[Q]: Background Paragraph: Hepatitis B is a contagious virus that affects the liver, infection can last from a few weeks to a serious lifelong illness. Two different types of infection exist for this disease, "acute" and "chronic." Acute Hepatitis B is a short term illness that occurs within 6 months of exposure, Chronic Hepatitis B is long term and happens when the virus remains in the body. The younger the child is, the greater their chance of developing a chronic infection and this risk goes down as the child gets older. Approximately 90% of infected infants will develop a chronic infection.[3]. 
Story: A 3rd grade classroom photo was held today. They all gathered by age. Raymond was the oldest. Gregory was the 2nd oldest. Joshua was the 3rd oldest. Jerry was the 4th oldest. Dennis was the 5th oldest. Walter was the 6th oldest. The last one was Patrick, who was the youngest. They all looked good that day. 
Question: Who has a greater chance of developing a chronic infection: Gregory or Patrick?
[A]: Patrick.


[Q]: Background Paragraph: Plants called epiphytes grow on other plants. They obtain moisture from the air and make food by photosynthesis. Most epiphytes are ferns or orchids that live in tropical or temperate rainforests (see Figure below ). Host trees provide support, allowing epiphyte plants to obtain air and sunlight high above the forest floor. Being elevated above the ground lets epiphytes get out of the shadows on the forest floor so they can get enough sunlight for photosynthesis. Being elevated may also reduce the risk of being eaten by herbivores and increase the chance of pollination by wind. 
Story: Hawk and Brunt were two colleagues studying about plants. Later on, Hawk got specialized in normal plants, while Brunt decided to learn more about epiphytes. 
Question: Which colleague studied more about plants that grow on other plants?
[A]:
Brunt.