Calculus, 10th Edition (Anton)

Published by Wiley
ISBN 10: 0-47064-772-8
ISBN 13: 978-0-47064-772-1

Chapter 13 - Partial Derivatives - 13.1 Functions Of Two Or More Variables - Exercises Set 13.1 - Page 915: 45

Answer

(a) $\approx\$130$ (b) $\approx\$275$ more

Work Step by Step

(a) Since the point (11, 6000) appears to be midway between the contours labeled 120 and 140, we estimate the monthly payment to be $\$130$. (b) Since the monthly payment of $\$130$ remains the same and the interest rate decreased to $9\%$, on the counter plot, the amount that can be borrowed in addition to the $\$6000$ is $\$275$ or more
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