A Python library is a collection of modules and packages.
A Python library contains bundles of code that can be used repeatedly in different programs. Through this Python Programming becomes simpler and convenient for the programmer. As we don't need to write the same code again and again for different programs.
As Python is developed under an OSI-approved open source license which makes it freely usable and distributable, even for commercial use.
Python is an open source programming language that was made to be easy to read and powerful. In Python, a program called an interpreter runs Python code on almost any kind of computer.
Hence, the answer was given and explained above.
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Answer:
If the marginal cost of a gallon of milk increases, how will the household respond?
C. The household will continue to consume the same amount.
Explanation:
The increase in the marginal cost of a gallon of milk will not greatly alter the quantity of milk consumed by a typical household. At this initial point when the marginal cost of a gallon of milk increases, the household is not affected because the seller has not shifted the cost to consumers. Even when the marginal cost increase is shifted to the consumers, the quantity required by the household remains the same. What may likely change at that stage is that the price at which the a household buys a gallon of milk increases marginally. The marginal increase will not distort demand for milk but households can change brands and not the quantity of milk, or at worst, they pay a higher price for a gallon.
Answer: D. All of the above
Explanation: The three options listed could explain why the productivity of labor increased with a reduction in the quantity of labor hired. The law of diminishing returns states that as more and more inputs of production are added, a time comes in when additional inputs causes no corresponding increase in productivity. At points like this a reduction in the input added would restore productivity.
Reducing the amount of labor obviously is a labour saving technical change. Changes in organizational innovation can also result in changes in productivity.
Answer:
The correct answer is letter "C": The extent to which interest rates on the firm's debt fluctuate.
Explanation:
Interest rates on debts are the amounts of money the company must pay after requesting loans or assets on credit. Interest rates are fixed and they are specified at the moment of accepting the transaction that will generate the debt in the organization. Thus, they do not represent a risk for the company.
I believe the answer is- marginal benefit!
