<span>The fact that Helen’s indifference curves touch the axes should immediately make you want to check for a corner point solution. To see the corner point optimum algebraically, notice if there was an interior solution, the tangency condition implies (S + 10)/(C +10) = 3, or S = 3C + 20. Combining this with the budget constraint, 9C + 3S = 30, we find that the optimal number of CDs would be given by 3018â’=Cwhich implies a negative number of CDs. Since it’s impossible to purchase a negative amount of something, our assumption that there was an interior solution must be false. Instead, the optimum will consist of C = 0 and Helen spending all her income on sandwiches: S = 10. Graphically, the corner optimum is reflected in the fact that the slope of the budget line is steeper than that of the indifference curve, even when C = 0. Specifically, note that at (C, S) = (0, 10) we have P C / P S = 3 > MRS C,S = 2. Thus, even at the corner point, the marginal utility per dollar spent on CDs is lower than on sandwiches. However, since she is already at a corner point with C = 0, she cannot give up any more CDs. Therefore the best Helen can do is to spend all her income on sandwiches: ( C , S ) = (0, 10). [Note: At the other corner with S = 0 and C = 3.3, P C / P S = 3 > MRS C,S = 0.75. Thus, Helen would prefer to buy more sandwiches and less CDs, which is of course entirely feasible at this corner point. Thus the S = 0 corner cannot be an optimum]</span>
You used a ruler........................................?
Titties totties titties totties
Answer:
1) (D)
2) (B)
3) (C)
Step-by-step explanation:
1) Amount borrowed = $1380 (P)
APR =13% or 0.13 (R)
Time = 15 months (T) = 15/12
Interest amount = 
= 
= $224.25
Total amount = 1380+224.25
= $1604.25
Monthly payment = 1604.25/15 = $106.95 (D)
2) Amount borrowed = $2240
APR = 15% or 0.15
Time = 18 months
Interest =
= 
= $504 (B)
3) Amount borrowed = $5500
APR = 11.5% or 0.115
Time = 5 years
n= 12 (compounded monthly)
M = 
= 
= $120.95 (C)
The answer is: " Four hundred three and six hundred three thousandths. "
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