r U q-u g, _~ aPage 4 of5 v 100% [:1 Is this document missing answers? Crop or click to get answers and explanations from our expert tutors Long answer questions 9' lsahelle has the utility function U0): \"#6)\"? In other words, her utility equals the square root of her income divided by 1000. When healthy, her income is $36,000. There is a 50% chance that she will become sick and suffer a financial loss that decreases her income by $21) ,000 a. What is the expected value of her income\"! b. What is her utility when healthy and what is it when sick? What is her expected utility? e. if she is able to purchase a full, aetuaiially fair insurance policy, what is her expected utility? What premium would the insurer charge on such a puliuy? What is the certainty equivalent for the income she faces when uninsumd? e. What is the maximum premium she would be willing to pay to avoid facing any income risk? . A tutor is crafting your explanation, it will be ready shortly View Question Details IZ