Question: I need help solving this Calculus I Maxima and Minima (Optimization) problem and I just cannot figure it out. Geotech Industries owns an oil rig
I need help solving this Calculus I Maxima and Minima (Optimization) problem and I just cannot figure it out.
Geotech Industries owns an oil rig 12 miles off the shore of Galveston. This rigneeds to be connected to the closest refinery which is 20 miles down the shore from the rig. If underwater pipe costs $500,000 per mile and above-ground pipe costs $300,000 per mile, thecompany would like to know which combination of the two will cost Geotech the least amount of money. Find a function that may be minimized to find this cost.
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