Question: HW16: Problem 4 Previous Problem Problem List Next Problem (4 points) A company is considering two insurance plans with the following types of coverage and

HW16: Problem 4 Previous Problem Problem List Next Problem (4 points) A company is considering two insurance plans with the following types of coverage and premiums: Liability Plan A Plan B Fire/Theft $21000 $35000 $175000 $133000 Monthly Premium $80 $71 Premiums are sold in units. For example, one can buy one unit of plan A insurance for $80.00 per month and receive $21,000.00 in Theft Fire Insurance Two units of plan A insurance cost $160,00 per month and give $42.000,00 in Theft/Fire Insurance. The company wants at least 5665,000.00 in coverage for Theft/Fire Insurance and $3,479,000.00 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 in units of plan A and HII units of plan B. IH (Note: your answer is a dollar amount and should include a What is the minimum monthly premium for the company? dollar symbol). Note: You can earn partial credit on this problem, Preview My Answers Submit Answers You have attempted this problem 0 times You have unlimited attempts remaining

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