Solve the Equation for X $\ln 2 x = 0.2$ A) $0.2718$

question 137

Multiple Choice

Solve the equation for x. Give an approximate solution accurate to four decimal places.
- $\ln 2 x = 0.2$

• A) \(0.2718\)
• B) \(0.4\)
• C) \(0.6107\)
• D) \(0.6749\)

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Definitions:

Average Variable Cost

The total variable cost of production divided by the quantity of output produced, representing the variable cost per unit of output.

Purely Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, and a homogeneous product, leading to price determination by market forces.

Cost Data

Information related to the expenses involved in producing a good or providing a service, including materials, labor, and overhead.

Market Price

The prevailing price at which a good or service is bought and sold in a competitive marketplace.