linear programming applications

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Policy A

Policy B

Fire/Theft

$10,000

$15,000

Liability

$180,000

$120,000

Premium

$50

$40

The company needs at least 300,000 fire and theft insurance and 4,200,000 liability from these plans. How many units from each plan should be purchased from each plan to minimize the cost of the premiums. What is the minimum premium?

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