Answer:
C(min) = 8763.4 $
Step-by-step explanation:
Area = 24000 ft²
In a rectangle, A = x * y x is the base side and y the height side
Cost of low and upper side (x) is 20 $ per foot
Cost of east and west sides ( y) is 10 $per ft
total cost is:
C(r) = 2 * 20* x + 2* 10* y
from A = x * y y = A / x y = 24000 / x
And by substitution in C(r) we get:
C(x) = 2 * 20* x + 2* 10* 24000 / x
C(x) = 40 * x + 480000 / x
Tacking derivatives on both sides of the equation:
C´(x) = 40 - 480000 / x²
C´(x) = 0 40 - 480000/x² = 0
40* x² - 480000 = 0
x² = 480000 / 40
x² = 12000
x = √ 12000 = 109,54 ft
and y = 24000 / 109,54
y = 219,09 ft
Chequing for second derivative
C´´(x) = 480000 / x⁴ is always positive so we have a minimum of C at the value x = 109,54
Minimum cost C (min) = 40* 109,54 + 20 * 219,09
C(min) = 4381.6 + 4381.8
C(min) = 8763.4 $