Problem 5. Sal's satellite company provides ultrafast internet to subscribers in LA and NY. The demand functions are QNY = 50 - (1/3) Pry and QLA = 80 - (2/3) PLA 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 TO = 1000 + 30Q where Q = QNY + QLA. (5.1) What are the profit-maximizing prices and quantities for the NY and LA markets? (5.2) As a consequence of a new technology that the Pentagon developed, sub- scribers in LA are now able to get the NY broadcast and vice versa so Sal can charge only a single price. What price should Sal charge? (5.3) In which situation is Sal better off? In terms of consumers' surplus which situation do people in LA prefer and which do people in NY prefer? Why