Use the Change of Base Formula to Find the Value

question 210

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.
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• A) 3.9539
• B) 1.9036
• C) 0.5253
• D) 1.2304

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Definitions:

Total Revenue

The overall amount of income generated from the sale of goods or services, calculated by multiplying the selling price by the number of units sold.

Soybeans

A species of legume native to East Asia, widely grown for its edible bean which has numerous uses, including producing soy oil and soy protein.

Total Revenue

The total income generated from the sale of goods or services, calculated by multiplying the price by the quantity sold.

Demand Function

A mathematical equation that describes the relationship between the quantity of a good demanded and its price, as well as other factors like income and prices of related goods.