(b) Suppose the premium for policy A is reduced to $25. Now how many units should be purchased from each plan tominimize the cost of the premiums? What is the minimum premium?The company should purchaseunits of Policy A and units of Policy B, for a premium of $ Kve this3ED20CView an exampleSEPA company is considering two insurance plans with coverage andpremiums shown in the table. (For example, this means that $50 buysone unit of plan A, consisting of $10,000 fire and theft insurance and$180,000 of liability insurance.) Answer parts (a) and (b).8$4888 F4(a) The company needs at least $300,000 fire and theft insurance and at least $4,800,000 liability from these plans. Howmany units should be purchased from each plan to minimize the cost of the premiums? What is the minimum premium?The company should purchase units of Policy A and units of Policy B, for a premium of $RF>V%5Get more help.T^6BF6YH&v fo7◄◄NF7UCJ* 008AFBIM(-09Fire/TheftLiabilityPremiumClear allKF9(O-0OPolicy A$10,000$180,000$50LF10Check answerP43Policy B$15,000$120,000$40commandFI{. ||#012or૨altoptior

Answered: Image /qna-images/answer/86e503b5-e771-4cab-9443-ae00101f485a.jpg

Answered: (b) Suppose the premium for policy A is…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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6. (a) A man has $4.55 in change composed entirely of dimes and quarters. What are the maximum and minimum number of coins that he can have? Is it possible for the number of dimes to equal the number of quarters? (b) The neighborhood theater charges $1.80 for adult admissions and $.75 for children. On a particular evening the total receipts were $90. Assuming that more adults than children were present, how many people attended? (c) A certain number of sixes and nines is added to give a sum of 126; if the number of sixes and nines is interchanged, the new sum is 114. How many of each were there originally?
Three priceing options are available: Silver plan: $20/month for up to 200 Mb's of service plus $0.16 for each additional Mb of service. Gold plan: $50/month for up to 1000 Mb's of service plus $ 0.08 for each additional Mb of service. Platinum plan: $100/month for up to 3000 Mb's of service plus $0.04 for each additional Mb of service. If C is the monthly charge for x Mb's of service, express C as a function of x for each plan. For how many Mb's of service is the Silver Plan the bes pricing option?
Blue Lake Marina sells a make of cruiser for $16,800. This regular selling price covers overhead of 15% of cost and a normal net profit of 10% of cost. The cruisers were marked with a price that allowed the marina to offer a 20% discount while still maintaining its regular gross profit. At the end of the boating season, the cruiser was marked down. The marina made an operating profit of $2,500 per cruiser at the new regular selling price. What was the rate of markdown? need sooon please I will upvote
A producer of perishable product offers a wage incentive to drivers of its trucks. A standard delivery takes an average of 30 hours. Drivers are paid at the rate of $20 per hour up to maximum of 40 hours. If the trip requires more than 30 hours, the drivers receive compensation for only 30 hours. There is an incentive for drivers to make the trip in less (but not to much less) than 30 hours. For each hour under 30, the hourly wage increases by $1.25.Determine the function w = f(x) where w equals the hourly wage in dollars and x equals the number of hours required to complete the trip.a) What trip time x will maximize the driver salary for the trip?b) What is the hourly wage associated with this trip?c) What is the maximum salaryd) How does this salary compare with that received for a 20 hours trip?
A retailer anticipates selling 1,300 units of its product at a uniform rate over the next year. Each time the retailer places an order for a units, it is charged a flat fee of $25. Carrying costs are $26 per unit per year. How many times should the retailer reorder each year and what should be the lot size to minimize inventory costs? What is the minimum inventory cost? They should order units The minimum inventory cost is $ times a year.
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(b) Suppose the premium for policy A is reduced to $25. Now how many units should be purchased from each plan to minimize the cost of the premiums? What is the minimum premium? The company should purchase units of Policy A and units of Policy B, for a premium of $