Rockstar Inc. manufactures a complete line of men's and women's casual shoes. The average selling price of the finished product is $80 per pair. The variable cost for each pair of shoes is $55 per pair. They incur fixed costs of $200,000 per year. What would be the firm's net operating income if they sold 18,000 pairs of shoes. (i. e. the profit before interest and taxes)

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.