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Question 5 ( question on page 1 4 1 - HW 3 modified ) A night - club owner has both student and adult customers.

Question 5(question on page 141-HW3 modified)
A night-club owner has both student and adult customers. The demand for drinks by a typical student is QS=18-3P. The demand for drinks by a typical adult is QA=10-2P. There are equal numbers of students and adults. The marginal cost of each drink is $2. Suppose the club owner can ask for identification card from its customers, and determine who among them is a student and who is not and, in turn, serve each group with a cover charge and a number of drinks tokens to each group (so the owner is a monopolist and practices 1st degree price discrimination).
(a) What will be the price per drink for the students? (4.4 points)
(b) What will be the price per drink for the adults? (4.4 points)
(c) What will be the number of tokens by students? (4.4 points)
(d) What will be the number of tokens by adults? (4.4 points)
(e) What will be the cover charge for the students? (4.4 points)
(f) What will be the cover charge for the adults? (4.4 points)
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