Fixed cost for a hot water line per meter of pipe is, Ask an Expert

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Fixed cost for a hot water line per meter of pipe is $100X+$250 per year. The cost for loss of heat from the pipe per meter is $5.4X^-2 per year. Here, X represents the thickness of insulation inmeters, and X is a continuous design variable. What is the optimal thickness of the insulation?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92196941

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