Use the Following Information for Questions
1 St

question 1

Multiple Choice

Use the following information for questions
1 st State Bank Balance Sheet Assets
$\begin{array}{lrr}\text { Cash and Due from Banks } & \$ & 75 \\\text { Investments } & \$ & 400 \\\text { Federal Funds } & \$ & 18 \\\text { Loans } & \$ & 402 \\\text { Premises } & \$ & 105\\\text { Average Total Assets }&\$&1,000\\\\\text { Liabilities \& Equity }\\\text { Demand Deposits } & \$ & 150 \\\text { Time Deposits } & \$ & 325 \\\text { Federal Funds } & \$ & 425 \\\text { Equity } & \$ & 100\\\text { Average Total Liabilities \& Equity }&\$&1,000\\\\\text { Income Statement }\\\text { Interest Income } & \$ & 150 \\\text { Interest Expense } & \$ & 110 \\\text { Non-Interest Income } & \$ & 11 \\\text { Non-Interest Expense } & \$ &38\\\text { Net Income }&\$&13\end{array}$
-What is 1^st State's efficiency ratio?

Calculate the optimal consumption bundle given budget constraints and prices.

Interpret consumer behavior through marginal rate of substitution and indifference curve analysis.

Understand the significance of corner solutions in consumer optimization problems.

Analyze consumer choices involving non-linear utility functions and their graphical representations.

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Definitions:

Quantitative Trait

A measurable phenotype that depends on the cumulative actions of many genes and the environment.

Alleles

Alternative versions of a gene that produce distinguishable phenotypic effects.

Environmental Conditions

Various factors or circumstances in the environment that can affect living organisms, including temperature, humidity, and pollution levels.

Nucleotides

The basic building blocks of DNA and RNA, consisting of a sugar, a phosphate, and a nitrogenous base.