1. Asymmetric Information and Incentives – Excel worksheet Q4 Occupational therapist pay plans: · Plan A: $36 per session · Plan B: $720 per week plus $36 per session in excess of 20 sessions per week · Plan C: $720 per week, plus $360 per week for having all paperwork completed and filed within 48 hours, plus $36 per session in excess of 30 sessions per week · Plan D: $360 per week, plus $360 per week for having all paperwork completed and filed within 48 hours, plus $38 per session in excess of 20 sessions per week a. Compute the total income per week for each of the four plans given 30 total patients (8 points). b. Compute the total income for each plan if the number of sessions ranges from 10 to 50 by 10’s. Be sure to arrange each plan in columns instead of rows (4 points). c. Assuming you are a risk seeker, which plan would you choose and why (4 points)? Write your answer here. d. Assuming you are risk averse, which plan would you choose and why (4 points)? Write your answer here. e. optional bonus: Plot plans A-D (2 points).