Use a Calculator to Find the Natural Logarithm Correct to Four

question 3

Multiple Choice

Use a calculator to find the natural logarithm correct to four decimal places.
- $\ln 49,800,000$

• A) \(17.7235\)
• B) \(7.6972\)
• C) \(0.0563\)
• D) \(6.2106\)

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Definitions:

Minimum Wage

The lowest legal salary that workers can be paid by employers, set by government law or policy.

Nominal Wage

Refers to the wage paid to labor in current dollars, without adjustment for inflation, representing the face value of payments received.

Price Level

The mean price level of all goods and services currently being produced in the economy.

Real Wage

The purchasing power of an individual's or group's wages, often considered in terms of the amount of goods and services that can be bought.