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4. If the weather is favorable, output is 8T0 units, and if it is not, output is 500. Each state of the world is equally

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4. If the weather is favorable, output is 8T0 units, and if it is not, output is 500. Each state of the world is equally likely. To maintain a basic subsistence level of consumption takes 135 units. a. What is the main'mum a landlord can charge under a xedrent contract? b. What is the largest percentage a landlord can expect under a share-cropping contract? c. Which contract will be offered. and why? Show your reasoning mathematically

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