Which of the Following Statements Is False

question 9

Multiple Choice

Which of the following statements is false?

• A) An application that requires precise floating-point calculations such as those in financial applications should use class BigDecimal from package java.math.
• B) We use class NumberFormat for formatting numeric values as locale-specific strings.
• C) In the U.S, locale, the value 15467.82 would be formatted as "15,467.82", whereas in many European locales it would be formatted as "15.467,56".
• D) The BigDecimal method format receives a double argument and returns a BigDecimal object that represents the exact value specied.

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Definitions:

MR = MC

A condition in economics where the marginal revenue (MR) of producing one more unit of a good matches the marginal cost (MC) of producing that unit, used in determining the optimum production quantity.

Profit-maximizing Level

The point of production at which a firm achieves its highest possible profit, determined by equating marginal cost and marginal revenue.

Perfectly Elastic

Perfectly elastic describes a situation where the quantity demanded or supplied changes infinitely in response to any change in price, represented by a horizontal demand or supply curve.

Industry Supply

The total output of a specific good or service produced by all firms in an industry at various price levels.