Part 1​Minnie's Mineral​ Springs, a​ single-price monopoly, faces the market demand schedule below. [table] Price | Quantity demanded ​(dollars per​ bottle) | ​(bottles per​ hour) 10 | 0 8 | 1 6 | 2 4 | 3 2 | 4 0 | 5 [/table] Draw a point to show the quantity demanded when​1) the price is​ $10. Label it 1.​2) the price is​ $2. Label it 2.Draw the market demand curve through these points and extend it to the x​-axis. Label it D. Draw a point to show marginal revenue when​1) the price falls from​ $10 to​ $8. Label it 3. ​2) the price falls from​ $2 to​ $0. Label it 4.Draw the marginal revenue curve through these points. Label it MR.Click toenlargegraphPart 2Is​ Minnie's marginal revenue greater​ than, equal​ to, or less than​ price?​Minnie's marginal revenue is​ _______ price because​ _______. A. less​ than; when she sells an additional​ bottle, her revenue consists of the price she receives for this extra bottle minus what she loses on all previous bottles she sells because of the new lower price B. equal​ to; she can sell any quantity she chooses at the market price C. equal​ to; when she produces an extra​ bottle, her total revenue increases by the price she receives from selling that bottle D. greater​ than; she​ won't sell an additional bottle unless it will increase total revenue Part 1 123456-10-8-6-4-20246810Quantity (bottles of water per hour)Price and marginal revenue (dollars per bottle)1002480.5-84.5 MRMR 44 33 Upper DD 22 11 Edit coordinates interactive graph​>>> Draw only the objects specified in the question.