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Kay [80]
3 years ago
9

A rectangular storage container with an open top is to have a volume of 10 m^3. The length of its base is twice the width. Mater

ial for the base costs $6 per m^2. Material for the sides costs $0.8 per m^2.
Required:
Find the dimensions of the container which will minimize cost and the minimum cost.
Business
1 answer:
DiKsa [7]3 years ago
8 0

Answer:

The dimension that minimizes the container is width = 1; base = 2 and height = 5

The minimum cost is $36

Explanation:

Let the width be x

So:

Width = x

Base = 2 * Width

Base = 2 * x

Base = 2x

Height = h

Volume of the box is:

Volume = 10m^3 ---- Given

Volume is calculated as:

Volume = Base * Width * Height

Volume = 2x * x * h

Volume = 2x^2h

Substitute 10 for Volume

10 = 2x^2h

Make h the subject

h = \frac{10}{2x^2}

h = \frac{5}{x^2}

Next, we calculate area of the sides.

Area = Base + Sides

Because it has an open top, the area is:

Base\ Area = Base * Width

Sides\ Area = 2[(Width * Height) + (Base * Height)]

Base\ Area = 2x * x

Base\ Area = 2x^2

Sides\ Area = 2[(Width * Height) + (Base * Height)]

Side\ Area = 2[(x * h) + (2x * h)]

Side\ Area = 2[(xh) + (2xh)]

Side\ Area = 2[3xh]

Side\ Area = 6xh

The base area costs $6 per m²

So, the cost of 2x² would be:

Cost = 6 * 2x^2

Cost = 12x^2

The side cost area costs $0.8 per m²

So, 6xh would cost

Cost = 0.8 * 6xh

Cost = 4.8xh

Total Cost (C) is:

C = 12x^2 + 4.8xh

Recall that h = \frac{5}{x^2}

So:

C = 12x^2 + 4.8x *\frac{5}{x^2}

C = 12x^2 + 4.8 *\frac{5}{x}

C = 12x^2 + \frac{4.8 *5}{x}

C = 12x^2 + \frac{24}{x}

Take derivative of C

C^{-1} = 24x - \frac{24}{x^2}

Take LCM

C^{-1} = \frac{24x^3 - 24}{x^2}

Equate C^{-1} to 0

0 =  \frac{24x^3 - 24}{x^2}

Cross multiply

24x^3 - 24 = 0 * x^2

24x^3 - 24 = 0

Add 24 to both sides

24x^3 = 24

Divide through by 24

x^3 = 1

Take cube roots of both sides

x = 1

Recall that

Width = x

Base = 2x

Height = h and h = \frac{5}{x^2}

Solve for these dimensions:

Width = 1

Base = 2 * 1

Base = 2

h = \frac{5}{1^2}

h = \frac{5}{1}

h = 5

i.e.

Height = 5

<em>Hence, the dimension that minimizes the container is width = 1; base = 2 and height = 5</em>

<em></em>

Recall that

C = 12x^2 + \frac{24}{x}

Substitute 1 for x

C = 12(1^2) + \frac{24}{1}

C = 12 + 24

C = 36

<em>The minimum cost is $36</em>

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Answer: The answers are provided below.

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1. Would Davidson Masonry automatically be taxed as a partnership or a corporation?

2. Is Davidson Masonry member managed or manager managed?

3. When Davidson Masonry and Lafayette entered an agreement to work together, what kind of special business form was created? Explain.

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4 0
3 years ago
Round Hammer is comparing two different capital structures: An all-equity plan (Plan I) and a levered plan (Plan II). Under Plan
asambeis [7]

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marin [14]

Answer:

The correct answer is B.

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Gross profit equals net sales minus cost of sales(Net sales- Cost of Sales).

Net sales = $325,000

Cost of Sales = $240,500

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by writing the answer

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I would advise figuring the question out first.

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