The cost in dollars of operating a jet-powered commercial, Ask an Expert

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"The cost in dollars of operating a jet-powered commercial airplane Co is given by the following equation

Co = 0.0305*n*v^(3/2)

where

n is the trip length in miles,

v is the velocity in miles per hour, and

The cost of passengers' time in dollars equals $272,000 times the number of hours of travel. The airline company wants to minimize the total cost of a trip which is equal to the cost of operating plus the cost of passengers' time.

At what velocity should the trip be planned to minimize the total cost?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92791107

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