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Question 1 2 pts Many universities allocate nancial aid to undergraduate students on the basis of some measure of need. Does this practice reect charity or price discrimination? If it reects price discrimination. is it closer to rst or thirddegree price discrimination? C) Yes it is rst degree price discrimination D Yes it is third degree price discrimination C) No it is not price discrimination Q If anything it is second degree price discrimination Atood coop sells a homogenous good called groceries. denoted g. The coop's cost function is described by: C(g}=F+cg; where F denotes xed cost and c is the constant per unit variable cost. At a meeting of the coop board. a young economist proposes the following marketing strategy: Set a xed membership fee M and a price per unit of groceries pM that members pay. In addition, set a price per unit of groceries p\" higher than pM at which the coop will sell groceries to nonmembers. Which type of price discrimination is this? 0 Third degree price discnminatioh C) Second degree price discrimination 0 First degree price discnmihation (3 ii is not price discrimination l"i'luestion 3 A nightclub owner has both graduate student and professor customers. The demand for drinks by a typical graduate student is Q32182P. The demand for drinks by a typical professor is QA=12P_ There are equal numbers of each. The marginal cost of each drink is $2. Assume no xed costs. What price will the club owner set if it is not possible to discriminate between the Mo groups\"? 06 {)8 D12 01C! A nightclub owner has both graduate student and professor customers. The demand for drinks by a typical graduate student is nglEF'. The demand for drinks by a typical professor is QA=12P. There are equal numbers of each. The marginal cost of each drink is $2. Assume no xed costs. What will prot be if the owner can only charge one price {assume this is the prot if there is just one of each group)? 048 gap {335 032 A nightclub owner has both graduate student and professor customers. The demand for drinks by a typical graduate student is Q32182P. The demand for drinks by a typical professor is Qg=12P. There are equal numbers of each. The marginal cost of each drink is $2. Assume no xed costs. If the club owner can separate the groups and practice thirddegree price discrimination: what will he the price he set at for professors? 03 as Q? as