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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

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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