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If the cost of search is $4, and wage offers are uniformly distributed between 10 and 60, what is the smallest wage you should accept?
If the cost of search is $4, and wage offers are uniformly distributed between 10 and 60, what is the smallest wage you should accept?
a) $34
b) $35
c) $40
d) $50
e) None of the above or it cannot
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