Suppose a household possesses $200,000 worth of jewelry and artwork. The household faces a 20% probability of a burglary in which the losses would amount to $70000 and an 80% probability there will be no burglary. Suppose the household can buy an insurance policy for $14500 that would fully reimburse losses from the burglary. The household preference over its wealth in each state are described by the utility function u(w)=ln(w) A. What is the certainty equivalent of the household wealth if no insurance is purchased? B. Is this individual risk averse, risk neutral or risk loving