Suppose there are two types of consumers for a ski resort. The young consumer has a demand function of PY = 16 QY and the old consumer has a demand function of PO = 12 QO . The owner of the ski resort enjoy a monopoly and has a cost function of c(Q) = 4Q. The monopolist has sufficient information about consumers so that he could do first degree price discrimination. How would the monopolist determine the price scheme for each type of consumer