Use the Change-Of-Base Property to Find the Decimal Approximation of the Following

question 83

Multiple Choice

Use the change-of-base property to find the decimal approximation of the following logarithm. Round the answer to four decimal places, if necessary.

• A) 4.0254
• B) 9.3281
• C) 4.664
• D) 1.7482
• E) 0.2144

Identify measures used to assess the economic performance of countries.

Comprehend the concept of capital in economic contexts.

Recognize strategies for increasing the supply and efficiency of the labor force.

Understand how private ownership influences economic systems.

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Definitions:

Income Elasticity of Demand

Income elasticity of demand measures how the quantity demanded of a good or service changes in response to a change in consumers' income.

Quantity Demanded

In economics, the total amount of a good or service that consumers are willing and able to purchase at a given price.

Income

The financial gain received by an individual or household, usually derived from work, investments, or other sources, over a period.

Own Price Elasticity

The responsiveness of the quantity demanded of a good to a change in its own price, holding other factors constant.