The firm PHARMACO has just started producing a new prescription drug called NEWDRUG. There are no other similar drugs on the market and PHARMACO has exclusive rights to produce NEWDRUG. PHARMACO estimates that the initial demand for NEWDRUG can be estimated as P = 1000 - 0.5Q where P is the price measured in dollars per unit and Q is the quantity measured in units of the drug. PHARMACO believes the marginal cost of producing each unit of the drug will be equal to 0.25Q where Q is the quantity of the drug produced. Using the graph paper below (or using your own graph paper), answer the following questions.