Difference between revisions of "Menu cost"
(Created page with "Menu cost is the cost of changing a price. ==Definition== According to Macroeconomics by Mankiw (7th edition), :Menu cost. The cost of changing a price. Catego...") |
|||
| Line 1: | Line 1: | ||
| − | [[Menu cost]] | + | [[Menu cost]]s are the costs that firms face in changing prices. |
| − | == | + | |
| + | ==Definitions== | ||
According to [[Macroeconomics by Mankiw (7th edition)]], | According to [[Macroeconomics by Mankiw (7th edition)]], | ||
:[[Menu cost]]. The cost of changing a price. | :[[Menu cost]]. The cost of changing a price. | ||
| + | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
| + | :'''[[Menu costs]]'''. The costs that firms face in changing prices. | ||
| + | |||
[[Category: Economics]][[Category: Articles]] | [[Category: Economics]][[Category: Articles]] | ||
Latest revision as of 17:54, 13 October 2020
Menu costs are the costs that firms face in changing prices.
Definitions
According to Macroeconomics by Mankiw (7th edition),
- Menu cost. The cost of changing a price.
According to Principles of Economics by Timothy Taylor (3rd edition),
- Menu costs. The costs that firms face in changing prices.
