Question 2 (8 points out of 20, plus up to 3 points extra credit) Ferrari is the most famous Italian sports car, but there is another Italian maker of high-end sports cars: Lamborghini. Lamborghini cars cost about $225,000 and the company sells every car it can produce. The cars are difficult to manufacture because they are entirely handmade, so Lamborghini produces only about 5, 000 cars per year. Question 2 Part a: Add a Demand Curve and a Marginal Revenue Curve and some numbers to this chart based on the above information about Lamborghini . Notice that the chart has no numbers since we have no information on costs or profit: there is only a Marginal Cost curve. There is no one correct answer but different possible lines consistent with the facts given. a C e h i m n 0 P q 5 t U V W MC Demand- - MR If you have a pen or stylus, just draw the lines and write in some numbers. If not, here are two lines you can move onto the chart.If you have a pen or stylus, write some numbers on the X and Y axis to give an approximate price and quantity relating to the lines which you placed on the chart. If you don't have a stylus or pen, use the letters on the Y axis (a thru i) and the letters on the X axis (1 thru w) to indicate numbers. 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. Question 2 Part b: As an economist, comment of Lamborghini's choice of its price and the quantity it produces, making sure you mention Competitive Monopoly Elasticity of Demand and Marginal Revenue. I am looking for a thorough and detailed answer based on what we have been working on in class. Please read this question again carefully before answering. Type your answer and explanation here