Question: Organizational growth because of a new market opening, the number of employees of a firm is expected to increase according to the equation N = 1400(0.5)0.3t, where t represents the number of years after the new market opens.
(a) What is the level of employment when the new market opens?
(b) How many employees should be working at the end of 2 years?
(c) What is the expected upper limit on the number of employees?
(d) Graph the curve.