In 2002, los angeles imposed a ban on new billboards. owners of existing billboards did not oppose the ban. why? what are the implications of the ban for producer surplus, consumer surplus, and welfare? who are the producers and consumers in your analysis? how else does the ban affect welfare in los angeles? (hint: the demand curve for billboards shifts to the right over time.)

Schuepfer inc. bases its selling and administrative expense budget on budgeted unit sales. the sales budget shows 1,800 units are planned to be sold in march. the variable selling and administrative expense is $4.30 per unit. the budgeted fixed selling and administrative expense is $35,620 per month, which includes depreciation of $2,700 per month. the remainder of the fixed selling and administrative expense represents current cash flows. the cash disbursements for selling and administrative expenses on the march selling and administrative expense budget should be: