What is the answer.

Q2. The graph below depicts Gavin's utility function. In the area where Gavin lives, there is a probability p of a wildfire occurring. Wildfires are bad news for Gavin's wealth. If one occurs, Gavin's wealth is W fire; if no fire occurs, his wealth is Who fire. Let E(w) denote Gavin's expected final wealth. Gavin is considering purchasing insurance against wildfires. If he does so, he will have to pay an upfront premium. The insurance contract that Gavin is considering is one of full insurance, which would make his final wealth the same regardless of whether a wildfire occurs. utility U (W ) B D W Wfire A E(w) Wno fire Which of the following is NOT TRUE? O a. Gavin's certainty equivalent cannot be found in the graph O b. Gavin is a risk-averse person O c. The maximum amount of wealth that Gavin is willing to pay for full insurance against wildfires is E (w) - A O d. Gavin's utility from having E (w) with certainty is higher than Gavin's expected utility from not purchasing the insurance O e. Gavin's utility function is concave