You have decided to open a small business in Country Z and you want to hire some employees for your

business.

a) Discuss why you will need a rationing device when hiring employees.

b) Discuss in detail about the rationing device you will use when hiring employees.

c) Discuss how your choice of rationing device might affect the society of Country Z.

d) Discuss how you can use the concept of incentives and negatives to get the best out of your

employees. Is this situation related to optimization or efficiency? Discuss in detail.