Math Problem Statement

A farmer wants to fence in a rectangular plot of land adjacent to the north wall of his barn. No fencing is needed along the barn, and the fencing along the west side of the plot is shared with a neighbor who will split the cost of that portion of the fence. If the fencing costs $14 per linear foot to install and the farmer is not willing to spend more than $7000, find the dimensions for the plot that would enclose the most area. (Enter the dimensions as a comma separated list.)

Solution

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Math Problem Analysis

Mathematical Concepts

Algebra
Optimization
Quadratic Equations
Calculus

Formulas

Cost constraint formula: 14(x + 2y) ≤ 7000
Area formula: A = x * y
Substitution and simplification of area: A = 500y - 2y^2
First derivative for optimization: dA/dy = 500 - 4y = 0

Theorems

Optimization using derivatives
Quadratic optimization

Suitable Grade Level

Grades 10-12