Re: The Ferrari and the Toyota:
A F50 is designed to attain and maintain speeds of which a Corolla is not capable. Virtually every part needs to be much, much stronger and lighter to achieve this performance. Stronger and rarer materials are needed, better quality control is needed - and more often than not, more human intervention is needed. At the very least, the technology in a Ferrari is the culmination of years and years of trial and error (evolution) and survival of the fittest is expensive.
If Ferrari made a car equivalent to an average commuter Toyota, then it would be a similar price, but probably worse quality because Ferrari wouldn't be as good as Toyota at mass producing reliable cars.
Quality = Research + Experience + Care + Pride. It has nothing to do with price, but often reflects it because R + E + C + P demand better remuneration.
Don't even get me started on R-series BMW motorcycles...
