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You are running a college tutoring business. The forecast of aggregate demand for tutoring hours for the next four months is given below. You charge

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You are running a college tutoring business. The forecast of aggregate demand for tutoring hours for the next four months is given below. You charge $20 per hour to your students and pay $10/hr to your tutors. Each tutor works 40 hours/month. The way to keep your tutors is to pay them for 40 hours regardless of how many hours they have tutored. You currently have 6 tutors working for you. If needed tutors can do 20 hrs/month of overtime and get paid $15/hr for it. Convincing new people to tutor for you gets harder towards the end of the semester and you start offering them sign-up bonuses. To hire a new tutor costs you nothing in the first month, and $50, $100, $200, in February, March, and April, respectively. To let a tutor go does not cost you any money. Using the College Tutoring Business data answer the following question: If you implemented a level strategy with overtime, what would be your total profit at the end of four months? 19,200 12,000 8,300 6,200 Using the College Tutoring Business data answer the following question: If you implemented a pure chase strategy (no overtime), what would be your total profit at the end of four months? 19,200 O 12,000 8,300 6,200 Using the college tutoring business data answer the following question: Following a level strategy that allows for overtime, how many tutors will you need on payroll? 4 5 6 7 Using the College Tutoring Business data answer the following question: If you implemented a pure chase strategy (i.e. no overtime), what would be the total cost of hiring? $900 $800 $700 $600 Using the College Tutoring Business data answer the following question: If you decide to keep 10 tutors on payroll and not allow any overtime, how much total profit would you expect? O $ 19,200 $ 16,000 O$ 4,800 $ 3,200

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