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There are three items (A, B, and C) that are to be shipped by air. The weights of these are 4, 5, and 3 tons, respectively. The profits (in thousands of dollars) generated by these are 3 for A, 4 for B, and 2 for C. There are four units of each available for shipment. Only 12 tons may be loaded on the plane. The maximum possible profit for this would be
Low Premium
Pertains to the relatively small amount paid for insurance coverage or other financial products, compared to higher-coverage options.
High Deductible
A health insurance plan feature requiring the policyholder to pay a significant amount of money before the insurance coverage begins.
High Premium
A term used in insurance to describe the higher cost paid by the insured for a policy with greater coverage or higher risk protection.
No Deductible
A policy condition in insurance where the policyholder is not required to pay any amount before the insurance company starts covering the insured loss.
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