A firm faces the following average revenue curve: P = 1200.02Q Where Q is the weekly production and P is price, measured in ngwee per unit. The firm's cost function is given by C = 60Q + 25000. Assume that the firm maximises profits. b) Sketch the monopoly's equilibrium position showing price, output and total profits. c) If the government decides to levy a tax of a certain fixed amount per unit on the product, sketch the new level of output, price and profits.