Answer
$\ln(\sqrt{x}\cdot y)$
Work Step by Step
$\displaystyle \frac{1}{2}\ln x+\ln y=\quad $...apply the Power Rule: $\quad \log_{b}(M^{p})=p\cdot\log_{b}\mathrm{M}$
$=\ln x^{1/2}+\ln y\quad $...apply the Power Rule: $\quad \log_{b}(M^{p})=p\cdot\log_{b}\mathrm{M}$
$=\ln(x^{1/2}y)$