Richard P. answered 04/10/17
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This is an optimization problem in differential calculus. For a can of height, h, and radius, r, the formulas for volume and surface area are:
V= pi r2 h
A = 2 pi r h + pi r2 + pi r2 (side plus top plus bottom )
The minimum cost will be obtained by minimizing A. The formula above for A depends on two variables: r and h
For this reason, A can not be directly minimized. The way forward is to use the volume formula to develop a constraint condition. The volume must be 36 so
36 = pi r2 h. This can be rearranged to get h = 36 /(pi r2)
This is the needed constraint equation. Substituting for h in the Area equation gives
A = 2pi r 36 /(pi r2) + 2 pi r2
This expression now depends on just one variable: r. To find the optimum value of r, one differentiates this expression with respect to r and sets the result to zero"
-72 / r2 + 4 pi r =0 So
r = (72/ 4 pi)1/3
This works out to be 1.7989 (unit is inches)
Substituting this value into the second equation for A gives;
A =60.355 (unit is square inches)
Since each square inch costs $0.005, the (minimum) cost will be $0.302 . Or a little more than 30 cents.