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You wish to hire Ron to manage the Dallas operations of your company. The profis from the opecations depend partialy on how havd Ron wons.

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You wish to hire Ron to manage the Dallas operations of your company. The profis from the opecations depend partialy on how havd Ron wons. as faloes profits should you ofler Ron? Assume Ron only cares abeut his expocted payment less any "pensoral cout" You should otler Ron of least w of the peofts. (Roond your responsw to two decimar places)

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