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) U = VIncome Clyde's utility if he earns $50,000 is. and his utility if he earns $500,000 is_ 50,000; 500,000 223.6; 707.1 OOOOO 100; 264.58 707.1; 223.6 264.58; 100Suppose 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) U - VIncome Clyde is risk . He will prefer O averse; no insurance to actuarially unfair and full insurance lover; actuarially unfair and full insurance to no insurance averse; actuarially unfair and full insurance to no insurance lover; no insurance to actuarially unfair and full insurance