The costs associated with constantly revising the prices of goods and services as a result of inflation are known as _____ costs.
A) shoe-leather
B) variable
C) menu
D) fixed

Question

Quizplus · Accepted Answer

Menu costs are the expenses that businesses incur when they have to constantly adjust their prices to keep up with inflation. This includes costs related to reprinting menus, updating price lists, and changing price tags, among other activities.

The Costs Associated with Constantly Revising the Prices of Goods