answersLogoWhite

0

Menu cost is a cost of inflation. The term came from the menu of restaurants which has to be reprinted very frequently because of the changes in the menu prices.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

What effect would inflation have on a company's cost of capital?

What effect would inflation have on a company's cost of capital


What is an inflation calculator used for?

The inflation calculator is used to figure out how much things cost due to inflation. It can help you figure out how much things will cost in the future if inflation continues at the current rate, it will also tell you how much things cost in different time periods if inflation were to have not happened.


Is a rise in the cost of goods and services called inflation or deflation?

Inflation


Does inflation change the average cost of inflation?

Inflation itself doesn't change the average cost of inflation; rather, it reflects the rate at which prices for goods and services rise over time. The average cost of inflation can be influenced by various factors, including supply chain issues, demand fluctuations, and monetary policy. As inflation increases, the purchasing power of money decreases, affecting consumers' overall cost of living. Thus, while inflation impacts economic conditions, it does not inherently alter its own average cost.


What economic term refers to a general rise in prices?

apajedico


Economic term for an economy with rising inflation and unemployment?

This is called inflation or more precisely "price inflation".


Historical cost based depreciation tends to do what when there is inflation?

HIstorical cost based depreciation tends to increase profits when there is inflation


What does the term inflation mean?

The term inflation has a few different but related meanings. If you blow air into a balloon you are inflating it, making it expand. That is a kind of inflation. The term is also used in economics to describe a general increase in prices and wages, which is equivalent to a decrease in the value of a unit of currency (such as a dollar). Prices get larger, so they are said to be inflating. If they get lower, that can be called deflation.


What is cost inflation?

Cost-push inflation states that increasing wages for workers drives up the cost of production, forcing producers to charge more to meet their costs.


Inflation distorts relative prices. What does this mean and why does it impose cost to consumers?

Inflation distorts relative prices. What does this mean and why does it impose a cost on society?


Is inflation going on or recession?

Both inflation and recession are occurring. A special term was coined for that. It is stagflation.


Inflation initiated by increases in wages or other resource prices is labeled?

cost push inflation