Menu costs refer to the increased cost of:
A) food in a time of inflation.
B) eating out when inflation increases.
C) changing listed prices.
D) the minimum wage.

Question

Quizplus · Accepted Answer

Menu costs refer specifically to the cost of changing listed prices, so option C is the correct answer. Options A and B are incorrect because they refer to the general impact of inflation on prices, rather than the specific cost of changing prices. Option D is also incorrect as it is unrelated to the concept of menu costs.

Menu Costs Refer to the Increased Cost Of