Solve the Equation by Writing It in Exponential Form

question 69

Short Answer

Solve the equation by writing it in exponential form. Answer in exact form and approximate form using a calculator (round to thousandths).
ln x = 1.587

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Definitions:

Contribution Margin

The excess of sales over variable costs.

Bottleneck Hour

Bottleneck Hour refers to the specific time period during which the flow of operations or processes is significantly slowed down due to limitations in capacity.

Bottleneck

A stage in a process that reduces the efficiency of the overall system due to limited capacity or resource.

Demand

An economic principle referring to a consumer's desire and willingness to pay a price for a specific good or service.