Find an Equivalent Expression for the Given Logarithm Using the Change-Of-Base

question 31

Multiple Choice

Find an equivalent expression for the given logarithm using the change-of-base formula. ​ ​

---

Definitions:

Utility Function

An expression that quantitatively describes how consumer preferences are ordered, indicating the level of happiness or fulfillment they derive from various goods or services.

Indifference Curves

Graphical representations used in microeconomics to illustrate different combinations of two goods among which a consumer is indifferent in terms of utility or satisfaction.

Preferences Convex

A characteristic of consumer choices where combinations of goods are preferred over extreme options, illustrating a desire for variety.

Corn Chips

A snack food made from cornmeal fried in oil or baked, often seasoned.