Use the Change of Base Formula to Find the Value $$\log _ { 24 } 311$$

question 126

Multiple Choice

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.
- $$\log _ { 24 } 311$$

• A)1.1125
• B)0.5537
• C)3.8730
• D)1.8061

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Definitions:

Units Bought

The quantity of a product that consumers purchase at a given price.

Tax Imposed

A financial charge or other levy instituted by a government on an individual or an entity to raise revenue for public purposes.

Deadweight Loss

An economic efficiency loss that occurs when market equilibrium is not achieved or when externalities are present, leading to a loss of total welfare.

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved or is unattainable.