The National Zoo is enlisting your help in setting the price of its admission. The management is aware that there are two markets for admission: (i) adults aged 18-60 and (ii) children/senior citizens. Demand functions for both markets are: Pp = 9.6 - 0.08QD Px = 4 - 0.05QK (Demand for adults) (Demand for children) where: Pp = ticket price of adults; Px = ticket price of children/senior citizens; Qp = number of adults daily; Qx = number of children/senior citizens daily. Assume that cogestion is not a problem so management views that the marginal cost is zero. (a) If management decides to implement price discrimination, calculate the equilibrium prices and quantitities for each market.

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