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A company is considering two insurance plans with coverage and premiums shown in the table. ( For example, this means that $ 5 0 buys
A company is considering two insurance plans with coverage and premiums shown in the table.For example, this means that $ buys one unit of plan A consisting of $ fire and theft insurance and $ of liability insurance. Answer parts a and b
Policy A
Policy B
FireTheft
$
$
Liability
$
$
Premium
$
$
Question content area bottom
Part
a The company needs at least $ comma fire and theft insurance and at least $ comma comma liability from these plans. How many units should be purchased from each plan to minimize
the cost of the premiums? What is the minimum premium?
The company should purchase
enter your response here units of Policy A and
enter your response here units of Policy B for a premium of $
enter your response here.
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