Tom and Jerry were thinking about what type of insurance contract they should purchase. They are both risk-averse and have the same utility function and income. Before going to see the insurance agent, Tom argued that actuarially unfair but full insurance is preferable while Jerry argued that they should focus on obtaining actuarially fair and partial insurance.

Suppose that once they are offered the two different insurance contracts, they are indifferent between them, even though one is fair and partial and the other is unfair and full. Depict their indifference towards the two offers graphically with income on the horizontal axis and utility on the vertical axis and briefly explain the graph.