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- Menu_cost abstract "In economics, a menu cost is the cost to a firm resulting from changing its prices. The name stems from the cost of restaurants literally printing new menus, but economists use it to refer to the costs of changing nominal prices in general. In this broader definition, menu costs might include updating computer systems, re-tagging items, and hiring consultants to develop new pricing strategies as well as the literal costs of printing menus. More generally, the menu cost can be thought of as resulting from costs of information, decision and implementation resulting in bounded rationality. Because of this expense, firms sometimes do not always change their prices with every change in supply and demand, leading to nominal rigidity (also known as sticky prices).Generally, the effect on the firm of small shifts in price (by changes in supply and/or demand, or else because of slight adjustments in monetary policy) are relatively minor compared to the costs of notifying the public of this new information. Therefore, the firm would rather exist in slight disequilbrium than incur the menu costs.".
- Menu_cost thumbnail Menu_cost.jpg?width=300.
- Menu_cost wikiPageID "2005532".
- Menu_cost wikiPageLength "8141".
- Menu_cost wikiPageOutDegree "42".
- Menu_cost wikiPageRevisionID "676787053".
- Menu_cost wikiPageWikiLink Bounded_rationality.
- Menu_cost wikiPageWikiLink Category:Business_terms.
- Menu_cost wikiPageWikiLink Category:New_Keynesian_economics.
- Menu_cost wikiPageWikiLink Category:New_Keynesian_economists.
- Menu_cost wikiPageWikiLink Category:Pricing.
- Menu_cost wikiPageWikiLink Concave_function.
- Menu_cost wikiPageWikiLink Demand.
- Menu_cost wikiPageWikiLink Demand_(economics).
- Menu_cost wikiPageWikiLink Economics.
- Menu_cost wikiPageWikiLink File:Menu_cost.jpg.
- Menu_cost wikiPageWikiLink George_Akerlof.
- Menu_cost wikiPageWikiLink Greg_Mankiw.
- Menu_cost wikiPageWikiLink Gregory_Mankiw.
- Menu_cost wikiPageWikiLink Huw_Dixon.
- Menu_cost wikiPageWikiLink Imperfect_competition.
- Menu_cost wikiPageWikiLink Inflation.
- Menu_cost wikiPageWikiLink Janet_Yellen.
- Menu_cost wikiPageWikiLink Macroeconomics.
- Menu_cost wikiPageWikiLink Menu.
- Menu_cost wikiPageWikiLink Monetary_policy.
- Menu_cost wikiPageWikiLink Monopolistic_competition.
- Menu_cost wikiPageWikiLink New_Keynesian.
- Menu_cost wikiPageWikiLink New_Keynesian_economics.
- Menu_cost wikiPageWikiLink Nobuhiro_Kiyotaki.
- Menu_cost wikiPageWikiLink Nominal_price.
- Menu_cost wikiPageWikiLink Nominal_rigidity.
- Menu_cost wikiPageWikiLink Olivier_Blanchard.
- Menu_cost wikiPageWikiLink Perfect_competition.
- Menu_cost wikiPageWikiLink Price.
- Menu_cost wikiPageWikiLink Profit_(economics).
- Menu_cost wikiPageWikiLink Real_versus_nominal_value_(economics).
- Menu_cost wikiPageWikiLink Real_wage.
- Menu_cost wikiPageWikiLink Real_wages.
- Menu_cost wikiPageWikiLink Robert_Lucas,_Jr..
- Menu_cost wikiPageWikiLink Shoe_leather_cost.
- Menu_cost wikiPageWikiLink Sticky_(economics).
- Menu_cost wikiPageWikiLink Sticky_prices.
- Menu_cost wikiPageWikiLink Supply_(economics).
- Menu_cost wikiPageWikiLink Supply_and_demand.
- Menu_cost wikiPageWikiLink Theory_of_the_firm.
- Menu_cost wikiPageWikiLink Welfare.
- Menu_cost wikiPageWikiLink Wikt:disequilibrium.
- Menu_cost wikiPageWikiLinkText "Menu cost".
- Menu_cost wikiPageWikiLinkText "cannot be instantaneously and costlessly adjusted".
- Menu_cost wikiPageWikiLinkText "menu cost".
- Menu_cost wikiPageWikiLinkText "rewriting their prices".
- Menu_cost hasPhotoCollection Menu_cost.
- Menu_cost wikiPageUsesTemplate Template:Clear.
- Menu_cost wikiPageUsesTemplate Template:Reflist.
- Menu_cost subject Category:Business_terms.
- Menu_cost subject Category:New_Keynesian_economics.
- Menu_cost subject Category:Pricing.
- Menu_cost hypernym Cost.
- Menu_cost type Organisation.
- Menu_cost type Term.
- Menu_cost comment "In economics, a menu cost is the cost to a firm resulting from changing its prices. The name stems from the cost of restaurants literally printing new menus, but economists use it to refer to the costs of changing nominal prices in general. In this broader definition, menu costs might include updating computer systems, re-tagging items, and hiring consultants to develop new pricing strategies as well as the literal costs of printing menus.".
- Menu_cost label "Menu cost".
- Menu_cost sameAs Náklady_jídelníčku.
- Menu_cost sameAs Speisekarteneffekt.
- Menu_cost sameAs Costos_de_menú.
- Menu_cost sameAs 메뉴_비용.
- Menu_cost sameAs m.06dg39.
- Menu_cost sameAs Giả_thuyết_chi_phí_thực_đơn.
- Menu_cost sameAs Q2308728.
- Menu_cost sameAs Q2308728.
- Menu_cost wasDerivedFrom Menu_cost?oldid=676787053.
- Menu_cost depiction Menu_cost.jpg.
- Menu_cost isPrimaryTopicOf Menu_cost.