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3. Assume that a professional sports team maximizes profits but realizes that there are different demands for games depending on the day of the week. Suppose the inverse demand is given by P=167-2Q for Sundays and it is P=120-1.5Q for Tuesdays. Furthermore, assume that the marginal cost of selling a ticket is constant per ticket and equal to $3. Assume there a no capacity constraints. a) Draw a single graph as close to scale as you can and clearly label all relevant lines and axes..

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3. Assume that a professional sports team maximizes profits but realizes that there are different demands for games depending on the day of the week. Suppose the inverse demand is given by P=167-2Q for Sundays and it is P=120-1.5Q for Tuesdays. Furthermore, assume that the marginal cost of selling a ticket is constant per ticket and equal to $3. Assume there a no capacity constraints. a) Draw a single graph as close to scale as you can and clearly label all relevant lines and axes.

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