Examlex
Use the change of base formula to find the value of the following logarithm. Do not round logarithms in the change of
base formula. Write the answer rounded to the nearest ten-thousandth.
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Price
The amount of money expected, required, or given in payment for something.
Export
The act of sending goods or services from one country to another for sale or trade.
Consumer Surplus
The difference between what consumers are willing to pay for a good or service and what they actually pay, representing the benefit received from the purchase.
World Price
The international market price of a good or service, influenced by global supply and demand.
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