Answer:
This is an example of the menu costs
Explanation:
Menu costs are costs that firms incurr when they have to update their prices constantly. The may have to print new catalogs, new menus (hence the name). If the business is online, the will have to update the database, and the website. Bookeeping will become more difficult as well.
This also causes problems for customers, who do not know what prices to expect, and might be discouraged to buy. Besides, the inflation rate could be so high, that customers could simply be unable to buy things, since their money might have lost most or all of its value.
The rule of 70 is used to determine how many years it will take for an economy to double in size. The equation is 70/percent growth = years to double. In this question, you are given the number of years and are asked to determine the percentage growth.
Therefore the answer would be d) 14%
The goal is resource sharing
