Consider an economy with 3 types of jobs. The table below shows the jobs, the frequency with which vacancies open up on a yearly basis, and the income associated with each job. Searching for a job costs $C per year and generates at most 1 job offer. There is a 20 percent chance of not receiving an offer in a year.

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