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Demand for product X is X = 140 - 2P, where P is price.Two companies, Company OldRags and Company ZeroFun both produce good X.Both companies
Demand for product X is X = 140 - 2P, where P is price.Two companies, Company OldRags and Company ZeroFun both produce good X.Both companies have total cost 22 + 2Xi, where Xiis a company's production output.If OldRags produces 30 units and ZeroFun makes 42 units, then OldRags will have profit ______ and ZeroFun will have profit ______.
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