Part II. Short Answer Problems Problem 1 (4 parts worth 50 points total). SHOW ALL WORK. Quite a Stretch Yoga offers yogis (people who practice yoga) one yoga class per day at their studio in Columbia, MD. They use two pricing options: a daily rate and a monthly pass. The daily rate at $10 entitles a yogi to one yoga class-that is $10 per class (the daily option). Alternatively, for a monthly payment of $55, a yogi can take 12 yoga classes in a one month period-that is, $55 for 12 yoga classes (monthly rate option). Yogis who want more than 12 classes a month pay the daily rate of $10 per additional class. Stella, a triathlete, is considering adding yoga to her training regimen. Stella's demand curve for yoga is given by: P =28-2Q where P is price (in dollars) per day and Q is the number of classes per month a) (12 points) Draw and label Stella's demand curve. For each of the questions below, explain your answers and illustrate on the graph. (a) How many classes will she take a month if she chooses the daily rate option? (b) How much will she spend a month if she chooses the daily rate option? (c) What would the average price per class be if she chooses the daily rate option?b) (12 points) Now consider the monthly rate option ($55 for 12 yoga classes. Yogis who want more than 12 classes a month pay the daily rate of $10 per additional class). For the questions below, explain your answer and illustrate on a graph. (a) How many classes will Stella take in a month? (b) How much will she spend? (c) What is her average price per class?c) (12 points) Which pricing option would Stella prefer? Show your calculations and explain your answer.for a monthly payment of $55 , a yogi can take 12 yoga classes in a one-month periodthat is, $55 for 12 yoga classes (monthly rate option). Yogis who want more than 12 classes a month pay the daily rate of 32 W additional class. (a) How many classes will Stella take in a month? (b) How much will she spend? (0) What is her consumer surplus