3. (20points)Later the owner of the club takes her own MBA classes. One course is Industrial Organization. She realizes that she can differentiate her customers by simply asking the occupation of the moms. In addition, she can earn the profit as much as possible in the market. She knows that she has two options for the pricing strategy: two part pricing and blocking pricing. If you were the owner, (hint: you can draw the graphs first and then start to calculate) a. (6points)What is the two-part pricing in your design? b. (2points)How do you implement the two-part pricing in reality? c. (6points)What is the blocking pricing in your design? d. (2points)How do you implement the two-part pricing in reality? e. (4points)Which pricing strategy gives the owner the highest profit? Why? Which part is better off by using either two-part pricing or blocking pricing