Approximate the Logarithm to Four Decimal Places Using the Change $\log _ { 5 }$

question 107

Multiple Choice

Approximate the logarithm to four decimal places using the change of base formula.
- $\log _ { 5 }$

• A) \(- 1.0000\)
• B) \(0.3979\)
• C) \(- 2.3218\)
• D) \(- 0.4307\)

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Definitions:

Purely Competitive

A commercial framework with a vast number of tiny enterprises, a single type of product, freedom to enter and leave, and total transparency of information.

Allocative Efficiency

An allocation scenario where it's not feasible to enhance one person's well-being without negatively impacting another's.

Scarce Resources

Limited natural, human, and capital resources that cannot satisfy all wants and needs.

Consumer Preferences

Describes the subjective tastes and preferences of individual consumers, influencing their purchasing decisions.