Let S represent the amount of steel produced (in tons). Steel production is related to the amount of labor used (L) and the amou
nt of capital used (C) by the following function: S = 20 L0.30 C 0.70 In this formula L represents the units of labor input and C the units of capital input. Each unit of labor costs $50, and each unit of capital costs $100.(a) Formulate an optimization problem that will determine how much labor and capital are needed in order to produce 50,000 tons of steel at minimum cost.b) Solve the optimization problem you formulated in part a.
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Hi there!
Recall the volume of a pyramid is:
V = 1/3(bh)
We are given the volume and side length of the base. Find the area of the base:
A = s²
A = (5xy²)² = 25x²y⁴
Plug in the solved for base:
125x³y³ = 1/3(25x²y⁴)h
To isolate for h, begin by multiplying both sides by 3:
375x³y³ = (25x²y⁴)h
Divide both sides by 25x²y⁴. Use the following exponent property:
xᵃ / xᵇ = xᵃ⁻ᵇ
Thus:
375x³y³ / 25x²4⁴ = 15x/y.
The height must be equal to: