5) lOptimal contract with limited liability the landlord is restricted to non negative payments to the tenant. a) Is the tenant's problem and effort choice given I? and I changed? b) What is I chosen by the landlord? c) Assume that Hgfc} wa. How does the landlord choose ff? (Remember that the landlord maximizes his income under the constraint that the tenant Twill choose his optimal level of effort given 31 and r'). d) What is the tenant's effort under this contract? (on: effort under limited liability)? How does it compare to am? e) "What is the tenant's utility under this contract? How does it compare to w? How does it compare to the utility under a rental contract