Jesus' question at Yahoo Answers regarding finding total cost function

In summary, the total cost of the pipeline can be expressed as the function C(L_L)=400000(2sqrt(L_L^2-12L_L+40)+L_L), where L_L is the length of the pipeline over land. This function takes into account the cost of laying pipe under the river and over the land, as well as the distance between the refinery and the storage tanks.
  • #1
MarkFL
Gold Member
MHB
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Here is the question:

Function Math Question?

I am having a problem solving this question, any help is appreciated!

An oil refinery is located on the north bank of a straight river that is 2 km wide. A pipeline is to be constructed from the refinery to a point P on the south bank of the river, and then along the river to storage tanks on the south side of the river 6 km east of the refinery. The cost of laying pipe is $400,000 per km over land, and $800,000 per km under the river. Express the total cost of the pipeline as a function of the distance from P to the storage tanks.

I have posted a link there to this topic so the OP can see my work.
 
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  • #2
Hello Jesus,

I would first label some variables:

\(\displaystyle L_R\) = the length of the pipeline under the river.

\(\displaystyle L_L\) = the length of the pipeline over land. This is the variable with which we are to express the total cost function.

\(\displaystyle D\) = the distance downriver the tanks are from the refinery.

\(\displaystyle W\) = the width of the river.

\(\displaystyle C_R\) = cost in dollars per unit length to lay pipe under the river.

\(\displaystyle C_L\) = cost in dollars per unit length to lay pipe over the land.

Next, let's draw a diagram:

View attachment 1022

$R$ is the location of the refinery, and $T$ is the location of the tanks.

We see that by Pythagoras, we have:

\(\displaystyle L_R=\sqrt{\left(D-L_L \right)^2+W^2}\)

Now, the total cost is given by:

\(\displaystyle C=C_RL_R+C_LL_L\)

Substituting for $L_R$, we have:

\(\displaystyle C\left(L_L \right)=C_R\sqrt{\left(D-L_L \right)^2+W^2}+C_LL_L\)

Using the given data for the parameters:

\(\displaystyle C_R=800000,\,D=6,\,W=2,\,C_L=400000\)

we have:

\(\displaystyle C\left(L_L \right)=800000\sqrt{\left(6-L_L \right)^2+2^2}+400000L_L\)

Factoring and simplifying, we have:

\(\displaystyle C\left(L_L \right)=400000\left(2\sqrt{L_L^2-12L_L+40}+L_L \right)\)
 

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FAQ: Jesus' question at Yahoo Answers regarding finding total cost function

What is the context of Jesus' question about finding the total cost function?

The context is likely related to a mathematical or economic problem involving finding the total cost of a product or service. It is not related to the religious figure Jesus.

What is a total cost function?

A total cost function is a mathematical formula used to calculate the total cost of producing a product or service. It takes into account all costs, including fixed costs and variable costs, to determine the overall cost of production.

How do you find the total cost function?

To find the total cost function, you need to first determine the fixed and variable costs associated with producing a product or service. Then, you can use a mathematical formula, such as TC = FC + VC, where TC is the total cost, FC is the fixed cost, and VC is the variable cost, to calculate the total cost function.

Why is finding the total cost function important?

Finding the total cost function is important because it allows businesses to accurately calculate the cost of producing a product or service. This information can then be used to make informed decisions about pricing, production, and profitability.

Are there any limitations to using a total cost function?

Yes, there are some limitations to using a total cost function. It assumes that all costs are linear and that the relationship between costs and production is constant. In reality, there may be non-linear relationships and other factors that can affect the total cost of production.

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