Question 30: [Show your work] Consider the following example. A risk- neutral worker can choose Low or High effort. The manager cannot observe the worker's ac- tion, but the manager can observe the real- ized revenue of the rm (either $300 or $500). Low Effort Cost for worker: $0 Probability Low Revenue ($300)=75% Probability High Revenue ($500)=25% High Effort Cost for worker: $10 Probability Low Revenue ($300): 50% Probability High Revenue ($500)=50% The manager offers the following payment scheme to the worker. The worker will be paid zero if the revenue is low, and the worker will be paid a wage 11: if the revenue is high. What is the minimum wage 11: such that the worker would be willing to exert high effort? (A) w 3340 (B) 11: =$10 (C) 11: = 2550 (D) 11: = $20 (E) w = $30