Suppose mr. von neumann can buy an insurance. with the insurance policy, if he is sued, the insurance company will pay the $1, 000. what is the maximum amount of premium, p, that he is willing to pay

Suppose mr. von neumann can buy an insurance. with the insurance policy, if he is sued, the insurance company will pay the $1, 000. what is the maximum amount of premium, p, that he is willing to pay for the policy? (c) compare the p you find in

b.and the expected loss in a). i