labor economics

Assume the same conditions as in Problem 3, with the exception that the utility of consumption is In(w), so that er+1 w, e In this case, would the firm only offer a piece rate contract? Why or why not? If not, I don't expect you to solve for the optimal contract, but describe the manner in which it would be determined by the firm Assume the same conditions as in Problem 3, with the exception that the utility of consumption is In(w), so that er+1 w, e In this case, would the firm only offer a piece rate contract? Why or why not? If not, I don't expect you to solve for the optimal contract, but describe the manner in which it would be determined by the firm