Luca Piccioli is setting up a new business. Before actually selling anything, he bought a van for $13,000, a market stall for $1,050, a computer for $450 and an inventory of goods for $8,000. He did not pay in full for his inventory and still owes $3,000 for them. He borrowed $10,000 from Basil Yamen. After the events just described he has $1,400 cash in hand and $4,700 in the bank. Calculate the amount for his capital.

Afirm wants to hire a project manager (pm) at a salary of $100,000. 30% of pms have high ability, and 70% of pms have low ability. high ability pms generate $120,000 in revenue and low ability pms generate $80,000 in revenue. in addition to differences in productivity, high and low ability pms have different outside offers. if a high ability pm is not hired by the firm, she can work for another company at a salary of $80,000. if the low ability pm is not hired by the firm, she can work for another company for $70,000. high ability pms are also able to get a project management professional (pmp) certification at a cost of $1,000. low ability pms are unable to get a pmp certification (they would fail the test). the firm is not able to observe a pm’s ability, but is able to observe and verify whether or not the pm has a pmp certificate.(a) draw the extensive form of the game.expert answer