Please answer f. and g. The first pictures are for prior information. Thank you!

Kelly's neighbor Anderson is a farmer who faces the same choice as Kelly does, but he has wealth of $300 which he will add to his income from farming in his consumption. Coincidentally, he has the same utility function as Kelly: 11(6) 2 346, where C is the value of consumption. Fill out the following table for Anderson. Anderson's. .. Plant Cotton c. What type of risk preferences does Anderson have? Justify your answer. (1. Which crop will Anderson choose to plant? Justify your answer. e. What is the effect of Anderson's wealth on his crop choice? Part III: Risk and Insurance Note: Where necessary, round to two decimal places for display of nal answers ONLY (this means that you should NOT round in the middle of your process of calculating!). Kelly is a farmer with zero wealth. She can either plant rice or cotton. If she plants cotton, Kelly earns an income of 31800 if the weather is GOOD, and $0 ifthe weather is BAD. If she plants rice, Kelly will earn an income of $1000 under both GOOD and BAD weather. The probability of GOOD weather is 0.7. The probability of BAD weather is 0.3. Kelly's utility function is 11(6) = INC, where C is the value of consamption. Use this information to fill out the following table for Kelly. Table 1 a. What type of risk preferences does Kelly have? Justify your answer. b. Which crop will Kelly choose to plantPJustify your answer. h. If Kelly is now choosing between planting cotton without insurance, planting rice, and planting cotton with insurance, what will she choose? Justify your answer. i. If Anderson is now choosing between planting cotton without insurance, planting rice, and planting cotton with insurance, what will he choose? Justify your