Please help with the following question:

Suppose that a national firm has an agent operating the Reno branch. The daily revenue of the Reno shop depends on both the efforts of the local agent, and the weather (50/50 chance ofgoodfbad weather). The following table specifies the relationship: Weather Bad Good Agent's efforts Law 500 1000 High 1000 1500 Exerting low efforts is costless for the agent; high efforts cost $100 per day. The national firm is risk-neutral, while the local agent is risk-averse. For each ofthe following contracts, analyze efficiency in production (whether or not the outcome maximizes the joint profit) and efficiency in riskbearing. (a) The agent receives (daily) remuneration of $300 from the firm. (b) The agent pays the firm the (daily) licensing fee of 5600. (c) The agent pays the firm $700 ifthe weather is bad, and $1,200 if the weather is good. (d) The firm and the agent share the profit in equal proportions