This Python code performs the following: 1. A Boolean variable `is_perishable`...

This Python code performs the following:

1. A Boolean variable is_perishable is created and set to True.

   • This implies that whatever item or concept is being referred to is perishable.

2. Another Boolean variable long_shelf_life is created and set to the logical negation (not) of is_perishable.

   • Since is_perishable is True, not is_perishable evaluates to False.
   • Therefore, long_shelf_life is set to False.

3. The value of the long_shelf_life variable is printed to the console using the print() function.

   • As long_shelf_life is False, False is printed as output.

Summary of Output: The code prints False, meaning the item does not have a long shelf life because it is perishable.