Q3b) illustrate your answer to Q3a graphically, showing all intercepts, and the profit maximizing prices and quantities. Explain the pricing strategy of the company and the criteria that enable the company to carry out this pricing strategy successful.Q3c)As a consequence of a new satellite that the pentagon recently deployed, people in New York receive the company's Los Angeles broadcasts, and people in Los Angeles receive the company's New York broadcasts. As a result, anyone in New York or Los Angeles can receive the company's broadcasts by subscribing in either city. Hence, the company can only charge a single price.What price should the company charge and what quantities should the company sell in New York and Los Angeles? Show all your working/calculations step by step.

Q3. A satellite company broadcasts TV to subscribers in two cities: New York (NY) and Los Angeles (LA). The demand functions for each of these two groups are QNY = 50 - PNY QLA = 80 - 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 es C = 1000 + 30 Q s? where Q = QNY + QLA Q3 a) What are the profit maximizing prices and quantities for both the New York and the Los Angeles markets? Show all your working/calculations step by step