Question: What are some normal and inferior goods? What effects does price ceilings have on producer surplus and total surplus? How does price ceilings harm consumer

What are some normal and inferior goods? What effects does price ceilings have on producer surplus and total surplus? How does price ceilings harm consumer surplus

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=+ b. What is the per-worker production function, y = f(k)?

=+ c. Assume that neither country experiences population growth or technological progress and that

=+ a. Does this production function have constant returns to scale? Explain.