Consider someone who has an annual income of $60,000. Her utility function is U(Y)=25Y. She faces a probability =0.20 of becoming ill, in which case she loses $10,000. (a) Using a graph, illustrate this person's utility function, as well as her income level and utility when healthy and when sick. ( 3 points) (b) What is the maximum price that this person is willing to pay for insurance? ( 3 points) (c) Do you expect this person to find an insurance company willing to sell her insurance for the price identified in (b)? Explain. (3 points) Consider someone who has an annual income of $60,000. Her utility function is U(Y)=25Y. She faces a probability =0.20 of becoming ill, in which case she loses $10,000. (a) Using a graph, illustrate this person's utility function, as well as her income level and utility when healthy and when sick. ( 3 points) (b) What is the maximum price that this person is willing to pay for insurance? ( 3 points) (c) Do you expect this person to find an insurance company willing to sell her insurance for the price identified in (b)? Explain. (3 points)