Which of the following is an example of menu costs?
a. deciding on new prices
b. printing new price lists
c. advertising new prices
d. All of the above are examples of menu costs.
d
Economics
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Which of the following factors is expected to cause the demand curve for coffee to shift to the right?
A) An increase in the supply of coffee due to better weather B) A higher personal tax on the income of all consumers C) A fall in the manufacturing cost of coffee D) A higher tax on the sale of tea, a substitute for coffee
Economics
Hughes and Cain (2011) effectively argue that advancements in power technology helped open new opportunities for the strategic placement of cities and big factories
Indicate whether the statement is true or false
Economics