Examlex
The Sunshine Act allows for closed meetings if they concern agency participation in pending or anticipated litigation.
Short-Run Supply
The total quantity of goods and services that producers are willing and able to sell at a given price in the short term, considering some inputs as fixed.
U-Shaped
Describes the shape of certain graphs, such as average cost curves in economics, indicating a period of declining costs followed by increasing costs as output rises.
Short-Run Cost Curve
A graph showing the relationship between the cost of producing goods and the output level in the short term, when at least one input is fixed.
Lease Rate
The cost of renting a property, equipment, or other assets, typically expressed as a monetary payment per time period.
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