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Evaluate the Logarithm log7714\log _ { 7 } 714 Using the Change of Base Formula

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Evaluate the logarithm log7714\log _ { 7 } 714 using the change of base formula. Round to 3 decimal places.


Definitions:

Prices Rise

A situation where the general level of prices for goods and services increases over a period of time, reducing purchasing power, often referred to as inflation.

Budget Line

An illustrated diagram detailing every possible pairing of two products affordable within a set budget at constant prices.

Horizontal Axis

In graphing, the x-axis, which is used to represent the independent variable or the baseline measure for comparison.

Vertical Axis

In a graph or chart, the y-axis that typically represents the dependent variable or the value being measured.

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