Please answer

QUESTION ONE Martha's is a prolic business lady running a successful business as a sole trader. Her utility function is given by U = ln(4C), where C is consumption. She earns K300,000 per year and enjoy bungeejumping on the Zambezi river. There's a 5% chance that, in the next year, she'll break both legs and will incur medical costs of K150,000 and will lose an additional [(50,000 from missing work because of the loss of a working pair of legs for some time. a. What is Martha's expected income 130') with insurance? b. What is Martha's expected income E(Y) without insurance? c. What is Martha's expected utility with insurance? (1. What is Martha's expected utility without insurance? e. What is Martha's actuarially fair premium? f. What is the maximum premium Martha will be willing to pay? g. Is Martha risk averse or a risk lover? Justify your