Answer:
The cost of materials for the cheapest such container is $163.54.
Step-by-step explanation:
A rectangular storage container with an open top is to have a volume of 10 m³.
The volume of the rectangle is
Length of its base is twice the width.
Let Width be 'w'.
Length is l=2w.
Height be 'h'.
The height in terms of width is represented as,
According to question,
The cost is 10 times the area of the base and 6 times the total area of the sides.
i.e. Cost is given by,
To get the minimum value,
Differentiate the cost w.r.t 'w',
To find critical points put derivate =0,
We find the second derivative to minimize,
As it is the minimum cost.
The cost is minimum at w=1.65.
Substitute the values in the cost function,
Therefore, the cost of materials for the cheapest such container is $163.54.