Meetings Are to Be Open to the Public Under the Guidelines

question 12

Multiple Choice

Meetings are to be open to the public under the guidelines of the Sunshine Act of 1976. Meetings include:

• A) those of federal administrative agencies.
• B) those of state administrative agencies.
• C) those actions that are deemed "meetings" by the agency.
• D) both a and b

---

Definitions:

Marginal Cost Curve

It illustrates the change in total cost that arises when the quantity produced is incremented by one unit; this is the cost of producing one additional unit of a good.

Short-Run Supply

The supply provided by firms in the short term when at least one input, usually capital, is fixed.

Economic Profit

The contrast between the aggregate income and complete costs, both visible and unseen, of a company.

Market Price

The current price at which an asset or service can be bought or sold in a competitive marketplace.