Solve the Equation $$\left( \frac { 4 } { 5 } \right) ^ { x } = \frac { 625 } { 256 }$$

question 29

Multiple Choice

Solve the equation. $$\left( \frac { 4 } { 5 } \right) ^ { x } = \frac { 625 } { 256 }$$

• A)x = 6
• B)x = -4
• C)x = -6
• D)x = -5
• E)x = 4

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Definitions:

Monopolistically Competitive

Describes a market structure where many firms sell products that are similar but not identical, allowing them room for differentiation and some degree of price control.

Productive Efficiency

A situation where a firm or economy can no longer produce additional amounts of a good without lowering the production level of another product, utilizing resources in the best way possible.

Allocative Efficiency

A situation in which resources are distributed in a way that aligns with the preferences and needs of society, maximizing social welfare and utility.

Product Variety

Product Variety refers to the range of different products or services offered by a firm or available in a market.