3. When y gallons of crude oil are produced the average cost per barrel is A(y)where22000.04y+9 + 0.16y, y>0(a) Find the value of y that minimizes average cost per barrel.(b) Compute the minimum average cost per barrel.A(y) =

We have Ay=22000.04y+9+0.16y Part(a) The value of y that minimizes Ay=22000.04y+9+0.16y can be found…

Answered: 3. When y gallons of crude oil are…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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3. When y gallons of crude oil are produced the average cost per barrel is A(y) where 2200 A(y) : + 0.16y, y>0 0.04y+9 (a) Find the value of y that minimizes average cost per barrel. (b) Compute the minimum average cost per barrel.