Bess received information in regard to her individual term insurance explaining that she could convert the policy by doing which of the following conditions: a. prove insurability and pay the same level premium. b. proof of insurability is not required and pay premiums computed at a higher rate class. c. sign the conversion application aggreeing to pay premiums computed at her attained age. d. prove insurability and pay premiums based on her current health status.

The third program provides families with $50 in food stamps each week, redeemable for both perishable and nonperishable food. the fourth policy instead provides a family with a box of nonperishable foods each week, worth $50. use two graphs to illustrate that a family may be indifferent between the two programs, but will never prefer the $50 box of nonperishable foods over the $50 in food stamps. state your answer and use a consumer choice model for perishable food and nonperishable food to graphically justify your choice.