What entry fee and per-round price should the club charge?

A private golf club has two types of members. Serious golfers each have the demand curve Q=350-10p Show more A private golf club has two types of members. Serious golfers each have the demand curve Q=350-10p where Q represents the number of rounds played per year and P is the per-round price. Casual golfers have the demand curve 100-10p. The club has 10 serious and 100 casual golfing members and faces a constant marginal cost of 5$ per round played by either type of member. If the club can engage in third-degree price disrimination what prices should it charge to the two types of members? Also suppose that the club can employ a two part pricing scheme but must charge all members the same annual membership (entry) fee. What entry fee and per-round price should the club charge? Show less

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