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1 point) A company is considering two insurance plans with the following types of coverage and premiums: Plan APlan B Fire/Theft $25000 $30000 Liability$195000 $133000
1 point) A company is considering two insurance plans with the following types of coverage and premiums: Plan APlan B Fire/Theft $25000 $30000 Liability$195000 $133000 Monthly Premium $75 $63 Premiums are sold in units. For example, one can buy one unit of plan A insurance for $75.00 per month and receive $25,000.00 in Theft/Fire insurance. Two units of plan A insurance cost $150.00 per month and give $50,000.00 in Theft/Fire insurance. The company wants at least S690,000.00 in coverage for Theft/Fire insurance and $4,069,000.00 in coverage for liability insurance. How many units of each plan should be purchased to meet the needs of the company while minimizing cost? The company should purchase units of plan A and E units of plan B. What is the minimum monthly premium for the company? dollar symbol (Note: your answer is a dollar amount and should include a
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