Question: Question 7 (1 point) A firm practices a pure chase strategy. Production last quarter was 1000. Demand over the next four quarters is estimated to

Question 7 (1 point) A firm practices a pure
Question 7 (1 point) 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 layoff costs? A) $2,500 B) $12,500 C) $500 D) $7,500 E) $7,000

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