If $\log ( t )$ Is 223, Then the Value Of Is

question 97

Multiple Choice

If $\log ( t )$ is 2.23, then the value of $\log \left( 10 ^ { 386 } t \right)$ is

• A) 8.61
• B) 7.08
• C) 9.55
• D) 6.09

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Definitions:

Short Run

A period in economic theory during which at least one factor of production is fixed, limiting the capacity to adjust to changes in market demand.

Elastic

Describes a situation where the quantity demanded or supplied of a good is sensitive to changes in price.

Short Run

A period in economics during which the quantity of at least one input (such as plant size) is fixed and cannot be changed.

Long Run

A period in economics sufficient for all markets to adjust to equilibrium, including the adjustment of all production factors and prices of inputs.