Goal-seeking behavior Consider the labor force structure in Figure 8-9. Assume the net hiring rate for a firm is proportional to the gap between the desired and actual workforce. Without using a computer or calculator, sketch the behavior of the workforce and net hiring rate for the following situations. 1. The desired workforce increases from 1000 to 2000 at week 4, then steps down to 1500 at week 12 (Figure 8-13). Assume the workforce adjustment time AT = 4 workforce. weeks and the actual workforce initially equals the desired 2. Repeat step | for the case where the labor force adjustment time AT = 2 weeks. 3. Skeich the workforce and net hiring rate for the case where the desired workforce increases linearly beginning in week 4 (Figure 8-14). Assume the 2000 1750 Labor Force (people) 3 1000 0 Net Hiring Rate (people/week) o Desired Labor Force 10 12 14 16 18 20 22 24 0 2 4 6 8 10 12 14 16 18 20 22 24 Part [T Tools for Sys| Time (weeks) tems Thinking labor force adjustment time AT = 4 weeks. Does the workforce eventually equal the desired workforce? Why or why not? Labor Force (people) Net Hiring Rate (people/week) o T 8 10 12 14 16 18 20 22 24 2 4 6 B8 10 12 14 16 18 20 22 24 Time (weeks)