Use the Change-Of-Base Formula and a Calculator to Evaluate the Logarithm

question 481

Multiple Choice

Use the Change-of-Base Formula and a calculator to evaluate the logarithm. Round your answer to three decimal places.
- $\log _ { 8 } 0.537$

• A) -0.299
• B) 14.898
• C) -3.344
• D) -0.270

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Definitions:

Long Run

A period in economics where all factors of production and costs are variable, allowing for full adjustment to changes.

Consumer Demand

The desire and willingness of consumers to purchase goods and services at given prices, which can fluctuate based on a variety of factors including income and preferences.

Price Range

The spread between the highest and lowest selling price of a product or service over a certain period of time.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a certain time period.