Author Question: Rick's Easy Mart has fire damage to his 325,000 building amounting to 98,000 . Rick insured his ... (Read 143 times)

maegan_martin · **on:** Jun 24, 2018

Rick's Easy Mart has fire damage to his 325,000 building amounting to 98,000 . Rick insured his building for 227,500 meeting the 70 coinsurance requirement of his policy. How much will Rick be compensated for the fire damage?
a. 97,500

b. 325,000

c. 227,500

d. 98,000

Question 2

Unboundedness refers to the situation in which the LP model has been formulated in such a way that the objective function is unbounded that is, it can be made as large (for maximization problems) or as small (for minimization problems) as we wish.
a. True
b. False
Indicate whether the statement is true or false