The questions are in the photo.

Question 5 1 pts Scotiabank offers a house insurance that covers the value of belongings in the house, in case of a fire, which occurs with probability 30%. Scotiabank charges $0.4 for every dollar of declared value. In case of a fire, they pay back the full declared value of belongings. Takeshi has $7000 worth of valuables; he thinks a fire would destroy half of that. His utility is given by u(x)=In(x). How much will Takeshi declare? Enter below a numerical value in dollars. Round to the second significant decimal if necessary (e.g. if your value is 99.012345, you should enter 99.01).Question 6 1 pts INB: This question type awards a fraction of the points available for each correct answer selection and subtracts an equivalent fraction for incorrect answer selection. To get full points on this question, you must click on all the correct answers and none of the incorrect ones.] It is not possible to pool risks against an aggregate shock because: It affects payoffs in the same way for everyone. Nobody is willing to pay money to insure against it. It changes payoffs for everyone at the same time. Consumption or payoffs are positively correlated across individuals