The Simplest Way to Use the System

question 15

Multiple Choice

The simplest way to use the System.out.printf method is

• A) with a format string and one format specifier
• B) with only a format string and no additional arguments
• C) with a format string and one or more format specifiers
• D) with only one format specifier and no format string

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Definitions:

Competitive Firm

A company that operates in a market where it must take the prevailing market price as given because the firm's individual sales do not significantly affect the market price.

Total Revenue

The total income generated by a firm from selling its goods or services, calculated as the price per unit times the number of units sold.

Output Units

Refers to the quantity of goods or services produced within a given time frame.

Average Total Cost

The per-unit production cost, calculated by dividing the overall production cost by the number of units produced.