Final answer:
On a single-core processor, only one application thread can run at any given time, no matter how many threads are present in total.
Step-by-step explanation:
The question asks about the number of threads running on a single-core single-processor system that supports multitasking. The system has three applications running: one application with two threads and the other two applications with one thread each. Despite the system's ability to support multitasking, it's a single-core processor, which means that only one thread can be executed at a time.
Therefore, at any given moment, there is only one application thread running on the processor. This is due to the nature of a single-core processor which can only process one thread at a time, switching between threads quickly to give the illusion of parallel processing.