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Employees to staff your start up venture

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You need to hire some new employees to staff your start up venture. You know that potential employees are distributed throughout the population as follows but you can't distinguish among them. Employee value. Probability $35,000. .1 $42,000. .1 $49,000. .1 $56,000. .1 $63,000. .1 $70,000. .1 $77,000. .1 $84,000. .1 $91,000. .1 $94,000. .1 The expected value of hiring one employee is __________. Suppose you set the salary of the position equal to the expected value of an employees. Assume the employees will not work for a salary below their employee value The expected value of an employee who would apply for the position at this salary is _________ Given this adverse selection, your most reasonable salary offer that ensures you do. It lose money is ____________.

Reference no: EM132056605

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