Use a Calculator to Evaluate $\log _ { 2 } 0.46$

question 136

Multiple Choice

Use a calculator to evaluate $\log _ { 2 } 0.46$ by means of the change-of-base formula. Round your answer to four decimal places.

• A)-2.5796
• B)-1.1203
• C)-0.7765
• D)-0.4865
• E)-0.8926

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Definitions:

Opportunity Costs

Opportunity costs represent the benefits a person or business misses out on when choosing one alternative over another.

Implicit Costs

The opportunity costs of using resources that a firm already owns, representing the income the firm foregoes by using those resources internally rather than renting or selling them.

Explicit Costs

Explicit costs are direct, out-of-pocket payments for resources or services needed for production, such as wages, rent, and materials; they're easily quantifiable and recorded.

Explicit Costs

Direct, out-of-pocket expenses incurred in conducting a business activity or making a decision.