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Question: problemi a nightclub manager realizes that demand for drinks is...

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PROBLEMI. A nightclub manager realizes that demand for drinks is more elastic among students and tries to determine the optimal pricing schedule. Specifically, he estimates that the demand functions are given by 30 - 6pi for students and q-24 4p2 for non-students. Assume that drinks cost the nightclub $2 each Q1. If the market cannot be segmented, what is the uniform monopoly price? (a) $3.10 (b) $3.30 (c) $3.50 (d) $3.70 (e) $4.20 Q2. If the nightclub can charge according to whether or not the customer is a student but is limited to linear pricing, what price (per drink) should be set for students? (a) $3.10 (b) $3.25 (c) $3.40 (d) $3.50 (e) $3.80 Q3. Under the same conditions of Q2, what price (per drink) should be set for non-students? (a) $3.80 (b) $4.00 (c) $4.30 (d) $4.60 (e) $5.20
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