Suppose that there is a 30% chance Clyde is injured and earns $50,000, and a 70% chance he is healthy and will earn $500,000. Suppose further that his utility function is the following (utility = square root of income)

a. lover; no insurance to actuarially unfair and full insurance

b. averse; no insurance to actuarially unfair and full insurance

c. averse; actuarially unfair and full insurance to no insurance

d. lover; actuarially unfair and full insurance to no insurance