Answer:
Menu Costs
Explanation:
From the question we are informed about Gilberto who manages a grocery store in a country experiencing a high rate of inflation. To keep up with inflation, he spends a lot of time every day updating the prices, printing new price tags, and sending out newspaper inserts advertising the new prices. His employees regularly deal with customer annoyance over the frequent price changes. This case is an example of the of Menu Costs inflation.
In domain of economics, menu cost can be regarded as the cost to a firm that results due to changing its prices. When there is high inflation, firms needs to often make a change to their prices ,so they can keep up with economy-wide changes. The name arised out of the cost of a printing new menus of a restaurants , but it is used by economists when they are generally referring to the costs of changing nominal prices
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Answer: Investors expected the earnings increase to be smaller than what was actually announced.
Explanation:
Abnormal return on an asset such as stock refers to the difference between actual returns and expected returns. As such, if it is positive, that would mean that the actual returns are/ will be higher than the expected/anticipated returns.
TYR had an abnormal return of 3.7% which would mean that the the 35% lower fourth-quarter earnings was higher than investors expected from TYR.
Franchising is the practice of paying a company to use its name, resources and operation systems.
Answer: is correct
Explanation: Tariff refers to the tax imposed on import and export activities. These are a type of trade restrictions that are made to regulate the domestic market of the country.
The tariff imposed on export will increase the price of the exported goods in the domestic market. Thus a majority population in the country will not purchase it and the domestic producers will benefit from this situation. In such a case, the domestic producers will make unreasonable profits from domestic consumers.
Answer: <em>$4. 71 hamburger and $6.29 French fries.
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Explanation:
Total spendable income of Antonio = $11.00
1 hamburger = $1.50
1 order of French fries = $1.00
Utility maximization function: U(x1, x2) = x1x2 i.e. 1 hamburger and 2 orders of French fries
Using the Utility maximization function: U(x1, x2) = $1.50 + $2.00
= $3.50 per lunch
Therefore the customer will purchase hamburger worth of $(1.50 x 11.00/3.50) = $4. 71
And French fries orders worth of $(2.00 x 11.00/3.50) = $6.29
<em>Antonio will maximize his satisfaction by purchasing $4. 71 hamburger and $6.29 French fries.
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