Optimization Problems 1 Find 2 numbers whose difference is 100 and whose product is a minimum. 2. A rectangular field is to be fenced off along the bank of a river and no fence is required along the river. If the material for the fence cost $4 per foot for the two ends and $6 for the side parallel to the river, find the dimensions of the largest possible area that can be enclosed with $1800 worth of fence. 3. If cm of material is available to make a box with a square base and an open top, find the largest possible volume of the box. 4. Find the point or points on the curves below which are closest to the origin. a) b) c) For part c), just get the x value. 5. A cardboard box manufacturer wishes to make open boxes from pieces of cardboard 12 inches square by cutting equal squares from the four corners and turning up the sides. Find the length of the side of the square to be cut out in order to obtain a box of the largest possible volume. 6. For the cost and demand function given below, find the production level that will maximize revenue. Find the production level that will maximize profit. What price will result in the maximum profit? ab ab 7. Find the dimensions of the rectangle of largest area that can be inscribed in a circle of radius Solutions 1. Let and be the 2 numbers. Then and Their product is a b To find where is a minimum, find where when Mark off on a number line and make some test values in ab P is Decr P'(-60)= - 20 < 0 P is Incr -50 P'(0)=100 > 0 This analysis proves that produces the minimum product. If then a b Therefore the 2 numbers are and 2. x x y Since the cost per foot for each end is $4, the cost for x ft is and the cost for the y ft is The total cost is . The area is Œ • The maximum area will occur when ft and ab ft. You can see that produces a maximum A by selecting test values and substituting into 0 ----------- 112.5 ------- is incr. on a b and decr. on a b So the side parallel to the river is 150 ft and each of the other 2 sides is 112.5 ft. 3. y x x we must get rid of x or y. We can do this by using the fact that the total amount of material in cm should be 1200 if the volume is maximized. To get the amount of material (in cm ) note that there is a bottom of area and 4 sides, each with area Therefore the total area is . You can verify by using test values in that 20 is where the maximum volume occurs and the maximum volume is cm . 4. a) The graph of is shown below with an arbitrary point marked off in the 1st quadrant. (0,9) (x,y) The distance squared from a b to a b is Let and Therefore where 9 The distance from a b to a b will be a minimum if , the distance squared, is a minimum. This could occur when or at the endpoint ab and ab and the minimum occurs when If then ab The 2 points which are closest are a b has a similar graph where the highest point is a b b) (0,2) (x,y) where . will be a minimum when or when This value is not in the interval Therefore the minimum must occur when which means that Therefore the closest point is the vertex a b c) y = 4x+7 (x,y) The distance squared from a b to a b is If and then a b . Again, the distance will be a minimum if , the distance squared is a minimum. a b 5. x x x x 12 - 2x x x x x 12 inches The volume of the box is a b a b a b a ba b when and 6. ------2-------6-----inc dec inc Making some test value in we can see that is increasing from 0 to 2 and decreasing from 2 to 6. can't be 6 or more. Therefore the maximum volume will occur when inches and the maximum volume is a b in3 . 6. 7. ab ab The revenue is given by ab ab The revenue is a maximum when ab . Profit ab ab ab . Profit is a maximum when ab The price that produces maximum profit is $11.33 . Let and be as shown in the diagram below where we have a rectangle inscribed in a circle of radius The rectangle has length and width r y x Then the area of the rectangle is where Note that will be a maximum when is a maximum. a b ˆ ‰ when or when We don't want so look at È . È Then È È Therefore the dimensions of the rectangle are which is È by È . It's a square.