Question: G16 - X fac A B C D A firm practices a pure chase strategy. Production last quarter was 1000. Demand over the next four

G16 - X fac A B C D A firm practices a pure chase

G16 - X fac A B C D A firm practices a pure chase strategy. Production last quarter was 1000. Demand over the next four quarters is estimated to be 900, 700, 1000, and 1000. Hiring cost is $20 per unit, and layoff cost is $5 per unit. Over the next year, what will be the sum of hiring and 1 layoff costs? EXTRA COST EXTRA COST OF FORECAST INCREASING DECREASING Quarter TOTAL COST (UNITS) PRODUCTION PRODUCTION (HIRING (LAYOFF COST) COST) 900 700 1,000 1,000 OF Production previous 9 quarter 10 Hiring Cost 11 Layoff Cost $ $ 1,000 20 5 13

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