please answer all questions and double check your work!! need this to pass.. WILL THUMBS UP

maximizing the expected pay and/or expected utility.) (a) Classify each person as a risk avoider, risk taker, or risk neutral. Person 1 would best be described as . Person 2 would best be described as -- Select--- . Person 3 would best be described as --- Select--- . (b) For the payoff of $500, what premium will the risk avoider pay (in $ ) to avoid risk? (Enter your answer as a positive number.) $ For the payoff of $500, what premium will the risk taker pay (in $ ) to have the opportunity of the high payoff? (Enter your answer as a positive number.) $ (c) Consider the following payoff table for decisions d1,d2, and d3 and states of nature s1,s2,s3, and s4. is the optimal decision for person 1. is the optimal decision for person 2. is the optimal decision for person 3