Assuming All Variables Are Positive, Use Properties of Logarithms to Write

question 249

Multiple Choice

Assuming all variables are positive, use properties of logarithms to write the expression as a sum or difference of
logarithms or multiples of logarithms.
- $\ln x ^ { 5 } y ^ { 5 }$

• A) \(\ln ( 5 x ) \cdot \ln ( 5 y )\)
• B) \(\ln x ^ { 5 } \cdot \ln y ^ { 5 }\)
• C) \(\ln ( 5 x ) + \ln ( 5 y )\)
• D) \(5 \ln x + 5 \ln y\)

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Definitions:

Equilibrium Price

The price level at which the market's offered goods and demanded goods are in balance.

Total Surplus

The sum of consumer surplus and producer surplus, representing the total benefits to society from a market transaction.

Equilibrium Price

The market valuation where the supply of products equals the demand for products.

Gains From Trade

The benefits that parties obtain from engaging in voluntary trading, often leading to an increase in overall welfare and efficiencies.