Consider an economy with 3 types of jobs. The table below shows the jobs, the frequency with
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As a function of C, specify the optimal job search strategy if the worker maximizes her expected income net of search costs.
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Job Type Frequency Income 30 percent S60,000 20 percent $100,000 30 percent |80,000
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There are four possible strategies for the worker accept any job paying at least 100000 accept any j...View the full answer
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