1.- Suppose that the demand for hamburger is different for organic and conventional, and are given by the inverse functions: P1 = 18 - 2Q1 and P2 = 10 - Q2where P is the price of hamburger in USD/lb and Q is quantity of hamburger in million lbs. The total cost function for hamburger is equal to C(Q)= 2Q

a. List the three conditions necessary for third degree price discrimination.

b. Calculate the profit-maximizing prices, quantities, and profit level for organic and conventional hamburger.