Second-degree price discrimination is about charging different prices depending on the quantity consumers buy. Selling a number of units as a package at a single price for the package is referred to as block pricing, and is part of a second-degree price-discriminating strategy. Generally, a second-degree price discriminating monopolist sells different packages at different prices. For simplicity, this problem focuses on the pricing (and profits) of a particular block (targeting one particular set of customers), which follows a very similar logic to that of a two-part tariff. The post office has a monopoly in the sale of stamps. The post office has estimated the inverse demand from a customer in its target audience to be p 0.60 0.03q. Assume all consumers in the target audience have identical individual inverse demand functions The post office's marginal cost for a stamp is constant at $0.12. For the questions below, if necessary, round your answers to the nearest two decimals 1st attempt Part 1 (1 point) See Hint Suppose the post office simply sells stamps at a single per-unit price. If the post office is maximizing the amount of profits it can earn by selling stamps individually, it must be earning $ profits per consumer See Hint (1 point) Part 2 Now suppose instead that the post office will sell stamps only in booklets. If the post office uses optimal block pricing, the post office will generate $ of profit per consumer.