Hammer time company sells hammers that it purchases at a cost of $5. hammer time sells the hammers for $15. last year, it sold 12,000 hammers. the company estimates that it can sell 5,000 more hammers than last year if it decreases the selling price to $10 per hammer. what is the budgeted sales revenue if hammer time implements the decrease in selling price?

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.