You are the ceo of a large company. you have a very important deadline coming up on december 26, the day after christmas, for a large project that is not yet complete. you have a small team of five people that have been working hard on this project for weeks. initially, you gave each member on the team several days off over the holidays because you anticipated that the project would be completed by then. however, the project is taking longer than expected. it is important to note that the delay in the project’s completion is no one’s fault, and everyone has been working hard. several members on the team have shared with you their holiday plans and you know that everyone on the team is excited for their promised time off. you cannot complete the project on your own by the deadline and the client is not willing to budge on the due date.

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