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What is the market equilibrium price and quantity given the demand and supply below? Coffees per week – Demand price Josie qty Sam qty $3.00 6 8 $4.00 4 7 $5.00 3 4 $6.00 2 3 Coffees per week – Supply price Java the Hut qty I Wanna Moka qty $3.00 4 4 $4.00 6 5 $5.00 8 7 $6.00 10

9 Answer: What is the Market Equilibrium Price and Quantity? The market equilibrium price and quantity is the point at which the demand and supply curves meet. This is the price at which the quantity demanded equals the quantity supplied.

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Indicate which statements regarding the market for electricity correspond to each of the demand and supply figures below. FIG – changes in demand and supply question A global financial crisis creates a world recession. Unemployment around the globe increases. Answer 1 B Japan shuts downs their nuclear power generation stations after a series of earthquakes Answer 2 A More drivers purchase electric cars Answer 3 B Advancement in solar technology improve the efficiency in of solar panels

The Market for Electricity The market for electricity is constantly changing due to global events and technological advancements. In the figures below, there are two graphs which depict changes in the demand and supply of electricity. The first graph illustrates

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The Jaguar Bank of Indianapolis (JBI) starts operations on January 1, 2022 issuing equity amounting $100. JBI advertises an annual interest of 4% for its savings deposits, paid annually, and free checking accounts (i.e., no maintenance fee). On the first day of operations, JBI receives a total of $150 as checking deposits and $750 as savings deposits. The bank lends $700 for an annual interest rate of 8%. It purchases treasury bonds worth $150 which earns 5% per annum. JBI maintains $100 at the Fed and keeps the remaining liquidity in cash reserves. Federal Reserve pays 4.5% interest on JBI’s reserve account. However, JBI does not pay interest on checking accounts of its customers. JBI’s operational expenses during its first year of operations is $18 and the corporate tax rate is 25%. Shareholders of JBI receive 10% dividends. A customer withdraws $170 from her savings account. To pay that amount back, the Bank sells its Bonds portfolio for $120 making a loss of $30 and withdraw another $50 from the account at Fed. Find the following. Find equity ratio

Answer: Equity Ratio The equity ratio of the Jaguar Bank of Indianapolis (JBI) is calculated by dividing total equity by total assets. Total equity is the difference between total assets and total liabilities, which in this case is $100. Total

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The Jaguar Bank of Indianapolis (JBI) starts operations on January 1, 2022 issuing equity amounting $100. JBI advertises an annual interest of 4% for its savings deposits, paid annually, and free checking accounts (i.e., no maintenance fee). On the first day of operations, JBI receives a total of $150 as checking deposits and $750 as savings deposits. The bank lends $700 for an annual interest rate of 8%. It purchases treasury bonds worth $150 which earns 5% per annum. JBI maintains $100 at the Fed and keeps the remaining liquidity in cash reserves. Federal Reserve pays 4.5% interest on JBI’s reserve account. However, JBI does not pay interest on checking accounts of its customers. JBI’s operational expenses during its first year of operations is $18 and the corporate tax rate is 25%. Shareholders of JBI receive 10% dividends. A customer withdraws $170 from her savings account. To pay that amount back, the Bank sells its Bonds portfolio for $120 making a loss of $30 and withdraw another $50 from the account at Fed. Find the following. Find total liabilities

Answer: Total Liabilities of Jaguar Bank of Indianapolis (JBI) The total liabilities of the Jaguar Bank of Indianapolis (JBI) is the sum of all the money it owes to outside entities, such as customers, suppliers, and other creditors. The total

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The Jaguar Bank of Indianapolis (JBI) starts operations on January 1, 2022 issuing equity amounting $100. JBI advertises an annual interest of 4% for its savings deposits, paid annually, and free checking accounts (i.e., no maintenance fee). On the first day of operations, JBI receives a total of $150 as checking deposits and $750 as savings deposits. The bank lends $700 for an annual interest rate of 8%. It purchases treasury bonds worth $150 which earns 5% per annum. JBI maintains $100 at the Fed and keeps the remaining liquidity in cash reserves. Federal Reserve pays 4.5% interest on JBI’s reserve account. However, JBI does not pay interest on checking accounts of its customers. JBI’s operational expenses during its first year of operations is $18 and the corporate tax rate is 25%. Shareholders of JBI receive 10% dividends. A customer withdraws $170 from her savings account. To pay that amount back, the Bank sells its Bonds portfolio for $120 making a loss of $30 and withdraw another $50 from the account at Fed. Find the following. Find liabilities

Answer: JBI’s Liabilities The Jaguar Bank of Indianapolis (JBI) had a total of $150 in checking deposits and $750 in savings deposits on the first day of operations. JBI also had $700 in loans, $150 in treasury bonds, $100 in

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If, with proportional taxes on labor income, there is an equilibrium with a high tax rate, and an equilibrium with a low tax rate, the government should always choose the lower tax rate, as this makes the consumer better off. it is irrelevant what tax rate the government chooses. the economy cannot function. the government should always choose the higher tax rate, as this makes the consumer better off.

Answer: Proportional Taxes on Labor Income Proportional taxes on labor income is a taxation system based on the idea that the tax rate should be equal for all income earners, regardless of their income level. This system can lead to

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When Ellie was younger, she used to buy comic books in a perfectly competitive market, where neither supply nor demand is perfectly elastic or perfectly inelastic. Use this information for all questions with the title “Perfect Comictition”. Assume each question is independent (e.g., whatever happened in prior questions doesn’t apply). You observe that a large supply increase causes a large change in price but a small change in quantity demanded. What could explain this? (Choose one option) (a)Comic expenditure represents a large share of consumer income. (b)Comics are a luxury. (c)Comics have few substitutes. (d) None of the above.

Answer: (c) Comics Have Few Substitutes When Ellie was younger, she used to buy comic books in a perfectly competitive market, where neither supply nor demand is perfectly elastic or perfectly inelastic. This means that the market is characterized by

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