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Question 13 1 pts Sara, a peer-tutor, can help only three students at a time. Sara makes appointments with ve students for each tutoring slot,
Question 13 1 pts Sara, a peer-tutor, can help only three students at a time. Sara makes appointments with ve students for each tutoring slot, anticipating a high proportion of no-shows. 0n the night before the nal exam all ve students show up for a 7:00 am appointment. Their respective arrival times and the maximum amounts each would be willing to pay to avoid not being able to get help for homework are as given in the table. _II __ __ Sara solicits volunteers to postpone tutoring time that day by offering cash compensation, so only 3 students will still wish to get help with their homework. How much money will she have to offer each volunteer to generate the required number of volunteers (assuming she pays the same amount to each volunteer)? $5 0 $6 0 $8 0 $13 Question 14 1 pts Sara, a peer-tutor, can help only three students at a time. Sara makes appointments with five students for each tutoring slot, anticipating a high proportion of no-shows. On the night before the final exam all five students show up for a 7:00 am appointment. Their respective arrival times and the maximum amounts each would be willing to pay to avoid not being able to get help for homework are as given in the table. Arrival Time Reservation Price ($) Amy 6:30 am 5 Jeff 6:35 am 8 Amanda 6:40 am 6 Lynn 6:50 am 11 Mike 6:55 am 12 Assume Sara's MC =0 and she provides free tutoring to the students. What is the consumer's surplus under the compensation policy? O $43 O $23 O $19 O $13
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