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The fixed cost for a stream line per meter of pipe is $550X + $75 per...

The fixed cost for a stream line per meter of pipe is $550X + $75 per year. The cost for loss of heat from the pipe per meter is $6.8/X^1/3 per year. Here, X represents the thickness of insulation in meters, and X is a continuous design variable.

a.) What is the optimum thickness of the insulation?

b.) How do you know that your answer in part (a) minimizes total cost per year?
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Answer #1

that Total cost CE 55024+75 + 6.8 21/3 mis comowers at a Fell optionum cast, deze a 2% = 68 0 0/626- 38950 ,: Thickness (opti

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