The Init() Method Is the First Method Called in Any

question 18

Essay

The init() method is the first method called in any applet. Write the code for the init() method header and explain the purpose of the init() method.

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Definitions:

Fixed Costs

Expenses that do not change with the level of output, such as rent or salaries.

Average Total Cost

The total cost of production divided by the quantity of output produced, representing the per unit cost of production.

Marginal Cost

The enhancement in overall pricing due to the generation of an extra unit of a good or service.

Cost Curves

Graphical representations used in economics to show the total cost of producing different quantities of output, helping businesses determine optimal production levels.