1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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>

You might be interested in
Why are the incoming mails registered in the office? Give reasons,​
shepuryov [24]

Answer:

because they send the mail to you as it enter the mail or mailbox is a delivery

6 0
2 years ago
I need help please! <br> what do you think is positive about franchises in general? negative?
mote1985 [20]

It may seem that franchise has many benefits since it allows for a person to open and operate a business without much knowledge of how to run a business and generally franchises are well advertised so not much marketing costs are needed, however negative impacts are much more, since you need to pay lifetime percentages for sales and operating under franchise as well as there is no room for creativity and too much dependence on a big business. Also the funds needed to open a franchise are much higher than same business but operating independently. So negative side is prevailing.

7 0
3 years ago
An effective price ceiling is best defined as a price:
Anarel [89]
Imposed by goveement below equilibrium price
4 0
3 years ago
Cute Camel Woodcraft Company is considering a one-year project that requires an initial investment of $500,000; however, in rais
vfiekz [6]

Answer:

The correct answer is "32.076%".

Explanation:

Given:

Initial investment,

= $500,000

Cash inflows,

= $500,000

The floatation cost will be:

= 500,000\times 6 \ percent

= 30,000 ($)

The total cost will be:

= Initial \ investment+Floatation \ cost

= 500000+30000

= 530000

hence,

The rate of return will be:

= \frac{Inflows}{Cost} -1

= \frac{700000}{530000} -1

= \frac{700000-530000}{530000}

= 0.32076

= 32.076 (%)

8 0
2 years ago
You accept a new job with a starting salary of $53,000. You receive a 4% raise at the start of your second year, a 5.5% raise at
vredina [299]

Answer:

a. Salary for the second year:

Salary is to increase by 4% in second year.

= 53,000 * (1 + 4%)

= $55,120

b. Third year salary:

Second year salary will increase by 5.5%

= 55,120 * (1 + 5.5%)

= $58,151.60

c. Fourth year salary:

Third year salary to increase by 11.1%

= 58,151.60 * (1 + 11.1%)

= $64,606.43

8 0
2 years ago
Other questions:
  • The journal entry to issue​ $600 of direct materials and​ $30 of indirect materials to production involves​ debit(s) to the​ ___
    12·1 answer
  • Explain any experience you have with blogs, wikis, discussion boards, online communities
    12·1 answer
  • When creating text ads to advertise a client's small chain of italian restaurants, what should you include in the ad text to mak
    13·2 answers
  • Jensen Enterprises paid $900 in dividends and $920 in interest this past year. Common stock increased by $1,200 and retained ear
    7·1 answer
  • Challenger Factory produces two similar products - regular widgets and deluxe widgets. The total plant overhead budget is $675,0
    12·1 answer
  • Katsu Corp. distributes property to its shareholders as part of a complete liquidation. The fair market value of the property is
    5·1 answer
  • Does anyone know what this answer is?
    13·2 answers
  • Which of the following statement is not true about derivative contracts?
    8·1 answer
  • Assess the executive summary of the business plan. This is the part where the company's mission statement and the purpose of the
    13·1 answer
  • Dollar General Corporation operates general merchandise stores that feature quality merchandise at low prices. All stores are lo
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!