2. Sal's satellite. Sal's satellite company broadcasts TV to subscribers in LA and NY. The demand functions are given by QLA = 50 - 3 PLA QNY = 90 PNY where Q is in thousands of subscriptions per year and P is the subscription price per year. The cost of providing Q units of service is given by TC = 1, 000 + 20 Q where Q = QLA + QNY. (a) What are the profit-maximizing prices and quantities for the LA and NY markets? (b) As a consequence of a new satellite that the Pentagon developed, subscribers in LA are now able to get the NY broadcast and vice versa, so Sal can charge only a single price. What price should he charge? (c) In which situation is Sal better off? In terms of consumers' surplus, which situation do people in LA prefer? What about people in NY? Why