Question: [Study guide - final exam) A firm practices a pure chase strategy. Production last quarter was 1000. Demand over the next four quarters is estimated

[Study guide - final exam) 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 $21.67 per unit. Over the next year, what will be the sum of hiring and layoff costs? 5500 $2.500 $12.500 $7.000 $7.500

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