For each of the following cases, determine whether or not the individual is risk averse, risk neutral, risk loving, or whether it is impossible to tell. Briefly explain why.
a. ($200, 0.5; $0, 0.5) preferred to ($88, 1)
b. Indifferent between ($100, 1) and ($200, 0.5; $0, 0.5)
c. ($100, 0.5; $0, 0.5) preferred to ($52, 1)
d. ($40, 1) preferred to ($80, 0.25; $20, 0.75)
e. Indifferent between ($44, 1) and ($100, 0.5; $0, 0.5)