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Question 8, 7.3.15-BE Part 1 of 2 HW Score: 72.59%, 6.53 of 9 points O Points: 0 of 1 company is considering two insurance
Question 8, 7.3.15-BE Part 1 of 2 HW Score: 72.59%, 6.53 of 9 points O Points: 0 of 1 company is considering two insurance plans with werage and premiums shown in the table. (For ample, this means that $50 buys one unit of plan A, nsisting of $10,000 fire and theft insurance $180,000 of liability insurance.) Answer parts a b. Policy A Fire/Theft $10,000 $180,000 Premium $50 Liability The company needs at least $150,000 fire and theft insurance and at least $2,400, ility from these plans. How many units should be purchased from each plan t nimize cost of the premiums? What is the minimum premium? company should purchase units of Policy A and units of Policy B, for a
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