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Suppose that the cost for a truck driver is $16.00 per hour and that the cost to operate the truck is v 2 /50000 per
Suppose that the cost for a truck driver is $16.00 per hour and that the cost to operate the truck is v2/50000 per mile where v is the average speed of the truck. How fast should you recommend your driver to drive in order to minimize the total costs?
Hint: Convert the problem to Total Cost per Mile for Truck Driver and the Truck
The Cost per Mile for the Truck Driver will be $16.00 per hour divided by the number of miles driven in an hour which in this case would be v
The Cost per Mile for the Truck itself is given as v2/50000
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