Solve the Inequality $7 < 3.1 \times 1.6 ^ { x } < 19$

question 33

Multiple Choice

Solve the inequality $7 < 3.1 \times 1.6 ^ { x } < 19$

• A) \(\quad 1.73 < x < 3.86\)
• B) \(\quad 3.11 < x < 7.45\)
• C) \(\quad 1.73 < x < 7.45\)
• D) \(3.11 < x < 3.86\)

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Definitions:

Income Effect

A change in consumption patterns resulting from a change in real income due to variations in prices, other factors remaining constant.

Savings Rate

The proportion of disposable income that is saved by individuals or entities, rather than spent, often expressed as a percentage.

Interest Rates

The cost of borrowing money, expressed as a percentage of the amount borrowed, charged by lenders to borrowers for the use of their money.

Optimal Choice

The most efficient and effective decision or selection made from among various alternatives, based on the criteria of maximizing utility or benefit.