Question: HW14: Problem 4 Previous Problem Problem List Next Problem (point) A company is considering two insurance plans with the following types of coverage and premiums:

HW14: Problem 4 Previous Problem Problem List Next Problem (point) A company is considering two insurance plans with the following types of coverage and premiums: Plan A Plan B Fire/Theft $27,000 $34.000 Liability $198.000 $129,000 Monthly Premium $75 $57 Premiums are sold in units. For example, one can buy one unit of plan A insurance for $75 per month and receive $27,000 in Theft/Fire Insurance. Two units of plan A insurance cost $150 per month and give S54,000 in Theft/Fire insurance. The company wants at least $705,000 in coverage for Theft/Fire insurance and $3,726,000 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 B. What is the minimum monthly premium for the company? $

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