A Rectangular Region with Area 3200 Square Feet Is to Be

question 234

Essay

A rectangular region with area 3200 square feet is to be enclosed within a fence. The two sides which run north-south will use fencing materials costing $1.00 per foot, while the other two sides require fencing materials which cost $2.00 per foot. Find the dimensions of the region which gives the smallest material cost.

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Definitions:

Relatively Higher

A comparative term indicating that one variable or item is of greater magnitude or intensity compared to another or the general context.

Competitive Industry

An industry characterized by many sellers, where no single company can control market prices.

Barriers To Entry

Factors that prevent or hinder companies from entering a particular market or industry.

Barriers To Exit

Factors that make it difficult or costly for a company to leave a market or industry.