Health care has relatively high administrative costs (about 15% of total costs). Assume the current cost of health care (including administrative costs) is $500 per person per month (PMPM) i. How much of the $500 is due to administrative costs? (3 pts) ii. How much is due to non-administrative costs? (3pts ) iii. If administrative costs are reduced to 5% of total costs, what is the new total cost? (3 pts) iv. If Demand is 100M at $500 and 0 at $1000, graph on graph paper the Demand at the new price? (Hint, no supply curve here, only demand curve) (3 pts) v. Describe what is happening in words (3 pts)