an oil refinery is located 1 km north of the north bank of a straight river that is 1 km wide. a pipeline is to be constructed from the refinery to storage tanks located on the south bank of the river 6 km east of the refinery. the cost of laying pipe is $200,000/km over land to a point p on the north bank and $400,000/km under the river to the tanks. to minimize the cost of the pipeline, how far downriver from the refinery should the point p be located? (round your answer to two decimal places.)

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04-11-2022
Business

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an oil refinery is located 1 km north of the north bank of a straight river that is 1 km wide. a pipeline is to be constructed from the refinery to storage tanks located on the south bank of the river 6 km east of the refinery. the cost of laying pipe is $200,000/km over land to a point p on the north bank and $400,000/km under the river to the tanks. to minimize the cost of the pipeline, how far downriver from the refinery should the point p be located? (round your answer to two decimal places.)

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