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Irina-Kira [14]
3 years ago
11

Consider the following information about menu costs. Menu costsLOADING... are

Business
1 answer:
brilliants [131]3 years ago
7 0

Answer:

The correct answer is option A.

Explanation:

Menu costs can be defined as the cost which is incurred by the firms because of changing prices. The size of the menu costs depends upon the type of firm.  

There are some costs involved in printing menus, price lists, brochures, catalogs, and price tags, etc.  

The concept of menu costs was given by Eytan Sheshinski and Yoram Weiss in 1977. It is used to explain price stickiness in a market.

In case the current price differs from the equilibrium price, the firms will change their price only if the additional revenue from a price change is able to cover menu costs incurred due to price  change

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The Federal Reserve S role as a lender of last resort involves lending to which of the following financially troubled institutio
ANTONII [103]

Answer: U.S. banks that cannot borrow elsewhere

Explanation:

Lender of last resort is.a situation that occurs when the central bank in a country gives loans to the commercial banks in the country when they are going through financial difficulties.

In this scenario, The Federal Reserve S role as a lender of last resort involves lending to U.S. banks that cannot borrow elsewhere.

5 0
4 years ago
Christiansen and Sons' flexible budget for 10,000 units of production includes $50,000 for direct materials, $44,000 for direct
kenny6666 [7]

Answer:

Direct materials of $60,000, direct labor of $52,800, utilities of $6,000, and supervisor salaries of $15,000.

Explanation:

For 10,000 units:

Direct materials (DM) = $50,000

Direct labor (DL) = $44,000

Utilities (U) = $5,000

Supervisor salaries (S) = $15,000.

For 12,000 units:

Direct materials (DM):

DM=\$50,000*\frac{12,000}{10,000}\\DM = \$60,000

Direct labor (DL):

DL=\$44,000*\frac{12,000}{10,000}\\DL = \$52,800

Utilities (U) = $5,000

U=\$5,000*\frac{12,000}{10,000}\\U = \$6,000

Supervisor salaries (S) = $15,000.

Salaries don't rely on production volume and, thus, should stay the same.

5 0
3 years ago
Which should be included in a firm's business model?
Ostrovityanka [42]

A firm's expected revenues and expenses are what should be included in a firm's business model.

<h3>What is a business model?</h3>

A business model is document that contains processes and procedures of how a company would operate.

This document is important for effective organization control and also assist coordinate business relationships amongst stakeholders

Learn more about business model here: brainly.com/question/1171429

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8 0
2 years ago
Abc airlines hires flight attendants from diverse backgrounds and puts them through an extensive training and orientation progra
zysi [14]

Abc airlines is adopting an <u>"assimilate"</u> option for managing diversity.


The idea of diversity includes acknowledgment and regard. It implies understanding that every individual is one of a kind, furthermore, perceiving our individual contrasts. These can be along the measurements of race, ethnicity, sex, sexual introduction, financial status, age, physical capacities, religious convictions, political convictions, or different philosophies. It is the investigation of these distinctions in a sheltered, positive, and supporting condition. It is tied in with seeing each other and moving past straightforward resistance to grasping and praising the rich measurements of assorted variety contained inside every person.

6 0
3 years ago
After marketers have defined a problem they need to solve, what is the next
slava [35]

Answer: A. Analyze the situation.

Explanation: Took the test

5 0
3 years ago
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