Solve the Equation for X $$\ln x = 0.3$$ A) $\{ 1.9953 \}$

question 113

Multiple Choice

Solve the equation for x. Give an approximate solution accurate to four decimal places.
- $$\ln x = 0.3$$

• A) \(\{ 1.9953 \}\)
• B) \(\{ 1.4918 \}\)
• C) \(\{ 1.3499 \}\)
• D) \(\{ 1.6487 \}\)

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Definitions:

Close Substitute

A good or service that can easily replace another, fulfilling the same need or want, typically affecting consumer choice.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers is equal to the quantity supplied by producers, leading to market equilibrium.

Equilibrium Quantity

The quantity of goods or services supplied and the quantity demanded at which their price is stable, and there is no tendency for it to change unless external factors intervene.

Allocative Efficiency

A state of resource allocation where resources are distributed in accordance with consumer preferences, maximizing overall utility.