Examlex
For the following questions, refer to the class defined below:
import java.util.Scanner;
public class Questions
{
public static void main(String[ ] args)
{
int x, y, z;
double average;
Scanner scan = new Scanner(System.in) ;
System.out.println("Enter an integer value") ;
x = scan.nextInt( ) ;
System.out.println("Enter another integer value") ;
y = scan.nextInt( ) ;
System.out.println("Enter a third integer value") ;
z = scan.nextInt( ) ;
average = (x + y + z) / 3;
System.out.println("The result of my calculation is " + average) ;
}
}
-Questions33_34 computes
Average Total Cost
The total cost of production (fixed and variable costs) divided by the total quantity of output produced.
Profit-maximizing Price
The price at which a firm can sell its product to maximize its profit, determined by market demand and production costs.
Product Differentiation
A strategy businesses use to distinguish their products from those of competitors in features, quality, or design to attract consumers.
Market Power
The ability of a firm or group of firms to manipulate the price or supply of a good or service in the market to their advantage, often by limiting production or increasing prices.
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