loney Onlin... Make Money Onlin... Jared - Diamonds... 20 Apps That Mak... Top 10 Moneymak. CENGAGE | MINDTAP Q Search this course Problems: Chapters 17, 19, and 20 X 7 . Individual Problems 19-6 You need to hire some new employees to staff your startup venture. You know that potential employees are distributed throughout the population as follows, but you can't distinguish among them: Employee Value Probability $65,000 0.125 $84,000 0.125 $103,000 0.125 $122,000 0.125 $141,000 0.125 $160,000 0.125 $179,000 0.125 $198,000 0.125 The expected value of hiring one employee is $ Suppose you set the salary of the position equal to the expected value of an employee. Assume that 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 not lose money) is Grade It Now Save & Con