Which of the Following Is True About the Constitution of 1869

question 24

Multiple Choice

Which of the following is true about the Constitution of 1869?

• A)It gave the governor the power to appoint members of the Texas Supreme Court.
• B)The legislature was permitted to meet annually.
• C)It created the perception that it was more concerned with punishing than reconstructing Texas.
• D)All of these choices are true.

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Definitions:

Marginal Revenue

The supplementary income resulting from the sale of one more good or service unit.

Price-Searcher Firm

A company that operates in a market with differentiated products and has some control over the price of its product because it faces a downward-sloping demand curve.

Profit Maximization

is the process or strategy by which a firm adjusts its production and sale levels to achieve the highest possible profit.

Price Takers

Firms or individuals who accept the market price as given and have no influence to change it.