Minimize the cost of the project

Reference no: EM13969796

An offshore oil well is located in the ocean at a point 5 miles from the shore. The oil is to be piped to the refinery 8 miles down the shore. If the cost of laying pipe is $100,000 per mile underwater and $75,000 per mile over land. How much of each pipe should be used in order to minimize the cost of the project?

Reference no: EM13969796

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