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Ajazz club has both students and adult customers. The demand for drinks by a typical student is Q3 = 35 EP. The demand for drinks
Ajazz club has both students and adult customers. The demand for drinks by a typical student is Q3 = 35 EP. The demand for drinks by a typical adult is Q41 = 20 4?. There are equal numbers of students and adults. The marginal cost of each drink is $2. A. What price will the club owner set if it is not possible to discriminate between the two groups? What will be the total quantity.Ir sold to both groups at this price? B. If the club owner could separate the groups and practice third-degree price discrimination, what price per drink would be charged to members of each group? What would be the total quantity.Ir sold to both groups in this case? C. If the club owner "card\" patrons and determine who among them is a student and who is not and, in turn. can serve each group by offering a package price that covers the entry charge and a number of drink tokens to each group. what will the cover charge and number of tokens be for students? What will be the cover charge and number of tokens given to adults? D. In which case would the club owner earn the highest prot
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