The costs associated with restaurants having to print new menus due to inflation are classified by economists as 'menu costs'.

Name: The costs associated with restaurants having to print new menus due to inflation are classified by economists as 'menu costs'.
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Question

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Menu costs refer to the costs incurred by businesses, like restaurants, when they have to change their prices on menus or price lists due to inflation or other economic factors.

The Costs Associated with Restaurants Having to Print New Menus