Problem 1: Consider the market for radiologists in the US. Assume that the MP\" of radiolo gists measured in terms on number of MRls read per radiologist is decreasing in the number of radiologists, and that the supply for radiologists is perfectly inelastic. a] Illustrate the equilibrium in the market for radiologists and illustrate the total output gen erated by the US. radiologists. (Hint: Either draw two diagrams or think about the Funda mental Identity of National Income Acoounting.) Suppose now that in addition to the U.S.hased radiologists, US. hospitals can hire foreign radiologists to read Militia in the [1.3. Because of innovations in communication technologies, hiring foreign radiologists does not entail any additional costs. In addition, the foreign to diologists do not need to move to the [1.5. in order to work for US. hospitals. Treat the employment of foreign radiologists as an outward shift in the supply,r of radiologists in the US. b} On a. new graph discuss the effects on the real wage of U.3.hased radiologists, GDP, and GNDI in the US. that follows the outsourcing of some radiology services abroad