Express as a Sum of Logarithms $\log _ { 4 } ( 5 \cdot 11 )$

question 53

Multiple Choice

Express as a sum of logarithms.
- $\log _ { 4 } ( 5 \cdot 11 )$

• A) \(\log 5 + \log 11 + \log 4\)
• B) \(\log ( 5 + 11 + 4 )\)
• C) \(\log _ { 4 } 5 + \log _ { 4 } 11\)
• D) \(\log _ { 2 } 5 + \log _ { 2 } 11\)

Recognize the process and outcomes of resource allocation in perfectly competitive markets.

Identify the factors leading to movements along or shifts of the long-run average cost curve in response to industry dynamics.

Understand the characteristics of constant-cost, increasing-cost, and decreasing-cost industries.

Identify the direction of shifts in the long-run supply curve for different types of industries.

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