[FONT="]Hi there, have a question to do with a calculus word problem.
The cost of fuel to propel a particular ship through the water is $(v/11)^2 per hour, where v is the ship's speed in nautical miles per hour. Other costs incurred are $4 per hour, regardless of speed. At what speed should the ship travel to minimise its cost per nautical mile travelled?
I can get the total cost per hour at v^2/121 + 4, then using the distance= rate x time formula, dividing the equation by v, which I am pretty sure I want to solve for, = v/121 + 4/v. Do I just take the derivative of this and set it to zero, or start all over again, 'cause I have been looking at it so long I am a little cross eyed???[/FONT]
The cost of fuel to propel a particular ship through the water is $(v/11)^2 per hour, where v is the ship's speed in nautical miles per hour. Other costs incurred are $4 per hour, regardless of speed. At what speed should the ship travel to minimise its cost per nautical mile travelled?
I can get the total cost per hour at v^2/121 + 4, then using the distance= rate x time formula, dividing the equation by v, which I am pretty sure I want to solve for, = v/121 + 4/v. Do I just take the derivative of this and set it to zero, or start all over again, 'cause I have been looking at it so long I am a little cross eyed???[/FONT]