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A company is considering two insurance plans with the following types of coverage and premiums: Premiums are sold in units. For example, one can buy
A company is considering two insurance plans with the following types of coverage and premiums:
Premiums are sold in units. For example, one can buy one unit of plan A insurance for $ per month and receive $ in FireTheft insurance. Two
units of plan A insurance cost $ per month and give $ in FireTheft insurance.
The company wants at least $ in coverage for FireTheft insurance and $ 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
units of plan
What is the minimum monthly premium for the company? $ Premiums are sold in units. For example, one can buy one unit of plan A insurance for $
per month and receive $
in FireTheft insurance. Two units of plan A insurance cost $
per month and give $
in FireTheft insurance.
The company wants at least $
in coverage for FireTheft insurance and $
in coverage for liability insurance.
How many units of each plan should be purchased to meet the needs of the company while minimizing cost?
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