> When we last saw the Seven Kingdoms of Westeros, a private mint owned by Tywin Lannister had produced a large number of coins, called dragons, each of which had a denomination of seven stars. The most recent dragon coins had been minted at an actual mint equivalent of 10.2 stars per Troy ounce, so that each star in these coins represented 1/10.2 (or 5/51) = 0.098 Troy ounce of silver, and each coin contained 7/10.2 (or 35/51) = 0.686 Troy ounce of silver. The mint had been defrauding the public: its original dragon coins had been minted at a mint equivalent of 8 stars per Troy ounce, and it wanted the public to believe that was still the case, for the more recent ones. Before it began the fraud, each star had represented 1/8.5 (or 2/17) = 0.118 Troy ounce of silver, and each (undebased) dragon coin contained 7/8.5 (or 14/17) = 0.824 Troy ounce of silver. Afterwards, a star in debased coins represented only 1/12 = 0.0833 Troy ounces of silver, and a debased dragon coin contained only 7/12 = 0.583 Troy ounces. The debased dragon coins also weighed a bit less than the originals: 49/50 = 0.98 Troy ounce, compared to 1 Troy ounce for the undebased coins. Before the debasement was discovered, a dragon coin of either type could buy 14 loaves of bread. They were believed to contain 7/8.5 = 14/17 (= 0.824) Troy ounce of silver, and the price of bread, in monetary silver, was 1/17 = 0.0588 Troy ounce per loaf. Although a Troy ounce of raw, uncoined silver would trade for 14 loaves of bread, a Troy ounce of silver contained in coins (monetary silver) would buy 17 loaves. The reason for this was the superior convenience of coins for trade. After the debasement was discovered, it continued to take 14/17 = 0.824 Troy ounce of monetary silver to buy 14 loaves of bread. So an undebased dragon coin would still buy 14 loaves of bread. But a debased dragon coin wouldn't, because it was now known to contain only 7/10.2 (or 35/51) = 0.686 Troy ounces of silver. The price of bread rose from its initial level of 1/2 (0.5) star per loaf to 3/5 (0.6) star per loaf, if the bread was purchased with debased dragon coins. There were 75,000 original, undebased dragon coins in circulation at the beginning of the revolution, along with 110,000 newer, debased dragon coins. Since the new dragon coins were more common, the basic monetary unit of Westeros became the debased-coin star. Question 1 3 pts [15-a] How many debased dragon coins did it now take to buy 14 loaves of bread? Round to the nearest tenth of a coin (or star), here and in the rest of Question 15. 8.4 Question 2 [15-b1] Consequently, how many debased dragon coins did it take to buy an undebased dragon coin? 1.4 Question 3 [15-b2] Given that both coins had a denomination of 7 stars, what was the value of a undebased star, in debased stars? Question 4 [15-b3] And what was the value of a debased dragon coin, in debased stars? 2 pts 1 pts 2 pts Question 5 [16] What was the money supply (the total amount of money in circulation) in the Seven Kingdoms, measured in millions of debased stars? 3 pts