3. Te U.S. requires people to have health insurance or pay a penalty of $695/year. You are considering a health insurance plan that would cost $150/month. a. What is the yearly opportunity cost for you of this health insurance plan? b. Suppose you can get a monthly grocery bundle for $50. Does the fact that health insurance is more expensive mean that insurance is more valuable than groceries? Explain in what sense this is true, and in what sense it's false. c. Suppose next year you are making twice as much money as you did this year. Te price of insurance, however, is $350/month and the grocery bundle is $125. Has your real income risen or fallen, and why