Which of the Following Statements A), B) or C) Is

question 4

Multiple Choice

Which of the following statements a) , b) or c) is false?

• A) Python imposes a convenient record structure on files.
• B) The following code creates an accounts.txt file and writes five client records to the file. Generally, records in text files are stored one per line, so we end each record with a newline character: with open('accounts.txt', mode='w') as accounts:
• Accounts.write('100 Jones 24.98\n')
• Accounts.write('200 Doe 345.67\n')
• Accounts.write('300 White 0.00\n')
• Accounts.write('400 Stone -42.16\n')
• Accounts.write('500 Rich 224.62\n')
• C) You can also write to a file with print (which automatically outputs a \n), as in print('100 Jones 24.98', file=accounts)
• D) All of the above statements are true.

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Definitions:

Economic Losses

Financial losses incurred when the costs of producing goods or services exceed the revenue earned from selling them.

Market Supply

The total amount of a specific good or service available for purchase at any given price level in a market, representing the combined supply of all sellers.

Price-Taker Industry

An industry in which individual firms have no control over the price of their product because the product is standardized, leading them to accept the prevailing market price.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, indicating the extent to which a firm exceeds the opportunity cost of its resources.