A perfectly competitive firm uses coal to generate electricity. Its supply curve is Q = 100P - 1350, where Q is quantity produced (units of electricity per year), and P is market price of electricity per unit. The production of each unit of electricity results in a tonne of sulphur dioxide emissions which is estimated to cost the economy $15. If electricity is sold in the market at $40 per unit, what is the optimal level of output from the viewpoint of the:

1. a) firm?
2. b) economy as a whole?