Louis XIV Asserted His Authority Over the Marquis of Canillac

question 52

Multiple Choice

Louis XIV asserted his authority over the Marquis of Canillac and other nobles who acted independently by:

• A)trying and convicting them in courts of law.
• B)capturing and imprisoning them.
• C)killing them.
• D)insisting that their presence was perpetually needed in Paris.
• E)declaring war against them.

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Definitions:

Purely Competitive

A market structure characterized by a large number of small firms producing identical products, with no single firm able to influence the market price.

Marginal Revenue Product

Marginal Revenue Product measures the additional revenue generated from employing an extra unit of a resource.

Marginal Revenue Product

The additional revenue generated from using one more unit of a particular input, holding all other inputs constant.

Variable Input

Inputs or resources whose quantity can be changed in the short run to increase or decrease production.