Demeter has 100 acres of land on which she can plant wheat or rice. The following table shows the income per acre that each crop will produce, both for a wet growing season and a dry growing season. Wet Dry Wheat 200 700 Rice 700 200 The probability of a wet growing season is 3 and the probability of a dry growing season is . Demeter's utility function over income is U(W) = In W. What is Demeter's contingent income bundle if she plants only wheat? If she plants only rice? If she plants 50 acres of wheat and 50 acres of rice? (Note: A contingent income bundle is (Ww, Wa), where the “w" subscript indicates "wet" and the “d" subscript indicates "dry".) а.

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