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I cannot seem the crack this problem. The solution may be trivial, but normal methods of max/min do not seem to work. Thanks for your help.
Suppose it to be known that consumption of coal by a certain ship may be represented by the formula
y = 0.3 + .001v3
Where y is the tons of coal burned per hour and v is the speed expressed in nautical miles per hour. if coal costs $10 per ton
what speed will make the cost of a voyage of 1000 nautical miles a minimum?
Homework Statement
Suppose it to be known that consumption of coal by a certain ship may be represented by the formula
y = 0.3 + .001v3
Where y is the tons of coal burned per hour and v is the speed expressed in nautical miles per hour. if coal costs $10 per ton
what speed will make the cost of a voyage of 1000 nautical miles a minimum?
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