mathematics / economics

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By December 2014, your organization had an establishment of 500 employees when it decided to expand its operations because of growth of market products demand. The decision was to increase the labor strength progressively by 5 percent per annual over the two year period while accommodating an annual wastage of 8 percent,
A) project labor authorization for January 2017 and
B). What is the estimated budget for the recruitment exercise if the estimated cost of recruiting one employee during the period would be k1500.

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