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The cost function is C(w) = 300/w + 18w² and the cost of materials for the cheapest such container is $222.0
The function for constructing the cost of the box
From the question, we have the following parameters that can be used in our computation:
The length is twice the width;
Volume = 10m³
This means that:
V = 10
l = 2w
The volume of the container is calculated as:
V = lwh
So, we have
v = 2w²h
By substitution, we have
h = v/2w²
So, we have
h = 10/2w²
Divide
h = 5/w²
The surface area of an open rectangular storage is:
A = 2h(l + w) + lw
So, we have
A = 2h(2w + w) + 2w²
A = 2h(3w) + 2w²
Substitute h = 5/w²
A = 2 * 5/w² * (3w) + 2w²
Evaluate
A = 20/w + 2w²
The base costs $15, and the sides cost $9
So, the cost function is:
C(w) = 15 * 20/w + 2w² * 9
Rewrite as:
C(w) = 300/w + 18w²
The least cost of the materials
We have
C(w) = 300/w + 18w²
Differentiate
C'(w) = -300/w² + 36w
Set to 0
-300/w² + 36w = 0
Rewrite as:
-36w = -300/w²
Cancel out the negatives
36w = 300/w²
Multiply through by ²
36w³ = 300
Divide through by 36
w³ = 8.33
Take cube roots of both sides
w = 2.03
Recall that:
C(w) = 300/w + 18w²
So, we have:
C(2.03) = 300/2.03 + 18(2.03)²
Evaluate
C(2.03) = 222.0
Hence, the cost of the materials is $222.0
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