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They are my hw question plz help, and ty 12 5 points >' Suppose that John purchases an insurance plan that charges a premium of

They are my hw question plz help, and ty

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12 5 points >' Suppose that John purchases an insurance plan that charges a premium of $1,400 and has a payout of $2,000. Calculate John's income when sick under this insurance plan. Type your answer... 13 5 points Does this plan provide full or partial coverage to John? 0 Full 0 Partial 5 points X? Calculate John's expected utility of income if insured by this plan. Enter your answer rounded to one decimal point (e.g. 5.6) Type your answer... Is John's expected utility of income higher when insured by this plan or when uninsured? O Insured O Uninsured 16 5 points Will John purchase this insurance plan? O No O Yes 17 5 points Suppose that John is interested in purchasing an actuarially fair and full insurance plan. What would the payout of this plan be? Type your answer... 18 5 points Suppose that John is interested in purchasing an actuarially fair and full insurance plan. What would the premium of this plan be?5 points What is John's expected utility of income under the actuarially fair and full plan? Enter your answer rounded to one decimal point (e.g. 17.3) Type your answer... Su

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