Ferrari cars are extremely expensive (about $300,000), butthe company can sell every car it produces even at thoseprices. Ferrari has made a decision not to produce morethan about 8,000 cars per year. They say this is becausethey want to maintain their very high quality standards. PART AAdd a Demand Curve and a Marginal Revenue Curve to thischart based on the above information about Ferrari. Noticethat the chart has no numbers since we have no informationon costs or profit: there is only a Marginal Cost curve.? Ifyouhaveapenstylus,justdrawthe.? Ifnot,movethetwogivenlinesintoplaceonthechart.? Ifyoucan'tdoeither,seetheattachedmemo"Howto Draw Lines on a Chart Working Online". Page 4PART BIf you are using a pen or stylus, add some numbers for theapproximate price (Y Axis) and Quantity sold (X Axis)relating to the lines which you placed on the chart.If you do not have a pen or stylus, use the letters on the Y axis (a thru i) and the letters on the X axis (l thru w), give an approximate price and quantity relating to the lines which you placed on the chart (for example, the letter r on the X axis equals so-many units and the letter d on the Y axis equals so-many dollars).If you are submitting a hand-drawn or scanned chart, besure to include the price and quantity numbers in the X andY axis.PART CAs an economist, comment of Ferrari's choice of price andquantity to produce, making sure you mention Elasticity,Competitive Monopoly, Demand and Marginal Revenue. I amlooking for a thorough and detailed answer based on what wehave been working on in class. Type your answer and explanation here

Sales of Ferrari Cars E MIC Demand- MR Here are two lines you can move onto the chart if you are not using a pen or stylus