Consider the Estimated Aggregate Demand for a Company's Ski Product

question 59

Multiple Choice

Consider the estimated aggregate demand for a company's ski product line for the upcoming year in the following table.Calculate the additional number of workers required to meet the production level for the month of January using the chase production strategy.The average number of hours required to produce a pair of skis is 8 hours,and the number of worker hours per month is 160.The current workforce is 100.The beginning inventory for January is zero. $$\begin{array} { | c | c | c | c | } \hline \text { Month } & \begin{array} { c } \text { Demand } \\\text { (in pairs } \\\text { of unit) }\end{array} & \text { Month } & \begin{array} { c } \text { Demand } \\\text { (in pairs } \\\text { of units) }\end{array} \\\hline \text { J an } & 8,000 & \text { J uly } & 1,000 \\\hline \text { Feb } & 7,000 & \text { Aug } & 1,300 \\\hline \text { Mar } & 5,000 & \text { Sept } & 2,000 \\\hline \text { Apr } & 4,000 & \text { Oct } & 3,000 \\\hline \text { May } & 2,000 & \text { Nov } & 5,700 \\\hline \text { J une } & 2,000 & \text { Dec } & 7,000 \\\hline\end{array}$$

• A)100
• B)200
• C)300
• D)400

---

Definitions:

Property Values

The monetary worth assigned to real estate, determined by various factors including location, size, and condition of the property.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, representing the additional satisfaction or benefit gained.

Producer Surplus

The contrast between what is an acceptable amount for producers for a good or service and the actual amount they are paid.

Marginal Cost

The extra expenditure linked to producing one more unit of a product or service.