Given That Log 8 5 = 0 $\log _ { 8 } \left( \frac { 121 } { 5 } \right)$

question 33

Multiple Choice

Given that log 8 5 = 0.7740 and log 8 11 = 1.1531, evaluate the expression $\log _ { 8 } \left( \frac { 121 } { 5 } \right)$ by using properties: For positive real numbers b , r and s , where b $\neq$ 1, and for any real number p , $\log b r s = \log b r + \log b s$ $\log b \frac { r } { s } = \log b r - \log b s$ $\log b r ^ { p } = p ( \log b r )$

• A) 1.6556
• B) 1.5322
• C) 1.5243
• D) 3.0802
• E) 1.5843

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Definitions:

Fiscal Policies

Fiscal policies are government strategies involving taxation and spending decisions designed to influence economic conditions, including growth, inflation, and unemployment.

Monetary Policies

Economic strategies and decisions by a government or central bank to control the money supply and interest rates in an economy.

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Economists who prioritize free market principles, limited government intervention, and fiscal conservatism in their analysis and policy recommendations.

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Economists who postulate that individuals make decisions based on their rational outlook, available information, and past experiences.