A firm practices a 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

$7,500

Explanation:

last quarter production was 1,000

production for the next four quarters:

total firing and hiring costs = $500 + $1,000 + $6,000 = $7,500

When a firm pursues a chase strategy, it means that they are following the quantity demanded which is set by the market. They only follow the demand, they do not attempt to increase or decrease it.

answer; i believe the correct answer is energy star;

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