Answer the next question(s) based on the following supply and demand schedules in units per week for a product. price quantity demanded quantity supplied $60 100 400 50 140 340 40 180 280 30 220 220 20 260 160 10 300 100 if the government introduced a guaranteed price floor of $40 and agreed to purchase surplus output, then the government's total support payments to producers would be rev: 05_07_2018
a. $3,000 per week.
b. $3,500 per week.
c. $4,000 per week.
d. $2,500 per week.

In three to four sentences, explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?

Vulcan flyovers offers scenic overflights of mount st. helens, the volcano in washington state that explosively erupted in 1982. data concerning the company’s operations in july appear below: vulcan flyovers operating data for the month ended july 31 actual results flexible budget planning budget flights (q) 56 56 54 revenue ($350.00q) $ 16,500 $ 19,600 $ 18,900 expenses: wages and salaries ($3,300 + $91.00q) 8,354 8,396 8,214 fuel ($31.00q) 1,904 1,736 1,674 airport fees ($870 + $35.00q) 2,730 2,830 2,760 aircraft depreciation ($11.00q) 616 616 594 office expenses ($240 + $1.00q) 464 296 294 total expense 14,068 13,874 13,536 net operating income $ 2,432 $ 5,726 $ 5,364 the company measures its activity in terms of flights. customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. required: 1. prepare a flexible budget performance report for july that includes revenue and spending variances and activity variances.