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A worker is searching for a job that will last a month (no matter how long it takes to find it). Each week, the worker

A worker is searching for a job that will last a month (no matter how long it takes to find it). Each week, the worker receives exactly one job offer, and the cost of job search for a week is $360. The best possible job pays $4,000, the worst pays $2,000, and any wage between these extremes is equally likely (e.g. there is a 60% chance that any given job pays at least $2,800). What search strategy would maximize the expected wage, net of search costs? Find expected wage R, net of search costs.

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