Please explain in detail

10. Cost Shifting The following figure represents a hospital facing both private and Medicare patients. Please use the graph to answer the following questions. Hospital Payment (S) Patients (Hospital Admissions) A. Please label the marginal cost, marginal revenue, private demand, and Medicare demand curves. Label the Medicare DRG price on the y axis. Indicate on the graph, the number of privately insured patients and Medicare patients served by the hospital. B. If Medicare decides to cut the DRG price, what will be the effect on the number of private and Medicare patients served by the hospital. Please draw the new demand curves and label the new number of patients in the graph above and discuss the effect briefly. C. What is the concept of cost-shifting? What does the above analysis tell you about cost-shifting