Menu costs refers to:
a) when producers are fooled by price changes in the short run
b) when workers are fooled by price changes in the short run
c) the costs associated with changing prices, such as printing new catalogs or changing displays
d) the fact that input costs are often fixed in the short term

What is the sequence of events that could lead to trade surplus

scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.

Even sole proprietors should have at least how many computers? 1 2 3 4