Colter steel has $4,800,000 in assets. temporary current assets $ 1,600,000 permanent current assets 1,530,000 fixed assets 1,670,000 total assets $ 4,800,000 short-term rates are 12 percent. long-term rates are 17 percent. earnings before interest and taxes are $1,020,000. the tax rate is 40 percent. if long-term financing is perfectly matched (synchronized) with long-term asset needs, and the same is true of short-term financing, what will earnings after taxes be? earnings after taxes $

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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.

The correct answer is (b) the marginal contribution of labor decreases as the quantity of labor used in production increases;