Ted Company's high and low level of activity last year was 70,000 units of product produced in March and 30,000 units produced in September. Machine maintenance costs were $176,000 in March and $80,000 in September. Using the high-low method, determine an estimate of total maintenance cost for a month in which production is expected to be 35,000 units.

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 measure of an economic adopted

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