Can someone help me with this assignment, please? we are allowed to also use excel

Take Home Assignment 6 You are employed in a rm where there is a. SIP/it probability that things are going better than planned and a. SITE/E1 probability of the opposite. A typical enmloyee in the firm has a. Bernrnllli utility function eta!) = w'f"a and a reservation utility level of e 2 it]. The wage is presently ltll). The managing direct wants to change the wage system in the line so that. employees 'feel' whether things are going better or worse. His idea is that some amount should be subtracted from employee wages when things are going worse than expected. He realizes however that it will be necessary to then also add some bonus amount when things go better than expected. Otherwise, employees would quit. Univra'sity of Copenhagen Page 3 of 4 Problem Set ti Microcct'inomics II Spring 2tl22 (a) The managing director asks you the following: if it] is subtracted from the wage when things go worse than expected. how much extra must. then be given as a \"success-l:oiius" when things go better than expected? and what is the expected wage? 1What 11' instead 2\