In our case volume V is fixed V=2πr*h. In order to find the minimum price total side area is multiplied by the fixed price x and the base is multiplied by 5 times more of this price x. Total price P is: P=5xπr2+x*2πr*h.
5xπr2, is the price of the base
x*2πr*h, is the price of the sides.
In order to find the minimum price we need to put V/(2πr) instead of h and take the derivative of this function with respect to variable radius and find the critical value of r by making it equal to 0.
P=5x*πr2+2x*V/r:
P'=10xπr-2x*V*r-2==>0: solving the equation we find that critical r.
r =(V/5π)1/3
In order to determine whether r is minimum or maximum value of radius. We need to take the second derivative of P. And if it is greater than 0 it is minimum value. If it is smaller than 0 r is maximum value. P"=10xπ+4xVr-3
This expression is always positive since every variable is positive and they are being added. So in our case r is minimum value for the price. To find the ratio of the height to the radius. We need to find the h through r.
h=V/πr2.
Ratio =(V/πr2)/r= V/πr3
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