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Old November 3rd, 2009, 12:04 PM
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Default Mathematical Finance - simple problem

Hey guys, I would appreciate your help on this one...

A company that constructs containers faces the following problem. The material for a rectangular container costs £3 per square foot for the bottom and £2 per square foot for the sides and top.
Find dimensions of the container so that the volume is 12 cubic feet and the cost is minimum.

Please help!
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Old November 3rd, 2009, 09:40 PM
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Originally Posted by jamie89 View Post
Hey guys, I would appreciate your help on this one...

A company that constructs containers faces the following problem. The material for a rectangular container costs £3 per square foot for the bottom and £2 per square foot for the sides and top.
Find dimensions of the container so that the volume is 12 cubic feet and the cost is minimum.

Please help!
Just barely a finance problem.

Box it Length * Width * Height

Bottom = Length * Width
Top = Length * Width
Sides = 2*(Length * Height) + 2(Width * Height)

Now what?
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