Change the Logarithmic Expression to an Equivalent Expression Involving an Exponent

question 66

Multiple Choice

Change the logarithmic expression to an equivalent expression involving an exponent.
- $\log _ { \mathrm { b } } 81 = 4$

• A) \(81 ^ { b } = 4\)
• B) \(81 ^ { 4 } = b\)
• C) \(b ^ { 4 } = 81\)
• D) \(4 ^ { b } = 81\)

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Definitions:

Time Preference

The degree to which individuals prefer to receive goods, services, or returns on investments sooner rather than later.

Expected Inflation

The rate at which the general level of prices for goods and services is projected to rise over a specific period, influencing economic decisions.

Real Interest Rate

The rate of interest an investor, saver, or lender receives (or expects to receive) after allowing for inflation.

Capital Investment

The spending of money on resources intended to benefit a business in the long term, such as by acquiring assets or improving infrastructure.