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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 question on page HW modified
A nightclub owner has both student and adult customers. The demand for drinks by a typical student is The demand for drinks by a typical adult is P There are equal numbers of students and adults. The marginal cost of each drink is $ 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 degree price discrimination
a What will be the price per drink for the students? points
b What will be the price per drink for the adults? points
c What will be the number of tokens by students? points
d What will be the number of tokens by adults? points
e What will be the cover charge for the students? points
f What will be the cover charge for the adults? points
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