QUESTION 7 Consider the following example. A risk-neutral worker can choose Low or High effort. The manager cannot observe the worker's action, but the manager can observe the realized revenue for the rm (either $100 or $200). Low Effort Cost for worker= $0 Probability Low Revenue ($100)=75% Probability High Revenue ($200)=25% High Effort Cost for worker= $8 Probability Low Revenue ($100)=25% Probability High Revenue ($200)=75% Instead of offering a flat wage, the manager is trying a new payment scheme. The manager is currently offering to the worker a payment equal to x% of the revenue of the rm. Compute the minimum x such that the worker would be willing to exert high effort. The minimum payment for high effort is %