Answer: Specially designed box should be chosen by the company.
Step-by-step explanation:
Since we have given that
Length of standard size cube box = 5 inches
Length of boxes needs to ship their widget = 2 inches
Width of boxes needs to ship their widget = 4 inches
Height of boxes needs to ship their widget = 5 inches
So, Volume of cubic box = [tex]5\times 5\times 5=125\ cm^3[/tex]
Volume of cuboidal box = [tex]2\times 4\times 5=40\ cm^3[/tex]
Volume of foam packing in a standard box is given by
[tex]125-40=85\ cm^3[/tex]
Total cost of widget packed in a standard box would be
[tex]85\times 0.03+0.80\\\\=\$3.35[/tex]
So, the specially designed box which costs $3.00 is the most cost effective.
Hence, Specially designed box should be chosen by the company.