Solve the logarithmic equation 
. Round your answer to three decimal places.
Definitions:
Long Run Cost Curve
A graphical representation that shows the minimum cost at which any given level of output can be produced in the long term, once all inputs are variable.
Expansion Path
A line that shows the combination of inputs that a firm will use to maximize output for any given level of total cost.
Isoquants
A curve representing all the combinations of factors of production that yield the same level of output.
Isocost Line
A graphical representation in economic theory showing all combinations of inputs which have the same total cost.
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