You want to hire a new laboratory technician

You want to hire a new laboratory technician. Excellent technicians generate $1,000 in value added each week. Adequate technicians generate $500 in value added each week. Half of the graduates are excellent, and half are adequate. a. You cannot tell who is highly capable and who is adequate. You are prepared to pay each technician his or her value added. What salary do you offer? b. Who will accept this offer? c. Is there any way that excellent technicians could communicate their productivity? d. Propose a compensation system that will attract both types of technicians and pay no one more than his or her value added.