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Quir. Er Jason G SOC E until what Gwhos Who E Jason 5 pts Question 17 Insurance Premiums A company is considering two insurance plans
Quir. Er Jason G SOC E until what Gwhos Who E Jason 5 pts Question 17 Insurance Premiums A company is considering two insurance plans with the types of coverage and premiums shown in the following table. Policy A Policy B Fire/Theft Liability Premium $10,000 $180,000 $50 $15,000 $120,000 $40 (For example, this means that $50 buys one unit of plan A, consisting of $10,000 fire and theft insurance and $180,000 of liability insurance.) The company wants at least $300,000 fire/theft insurance and at least $3,000,000 liability insurance 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 corner points of the feasible region are: (25.0), (0.30), (5,14) (25.0), (0,30), (6,16), (5,14) C (25.0), (0.30), (6,16) 10,25), (30,0), (16,6) (0,25).(30.0), (6,16) MacBook Air 2 da F7 802 3 ED 190 F TS % 5 & 7 4 3 n 6 00 9 O E R T Y U 1 0 D F G H. J
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