Answer
True.
Work Step by Step
Recognize 8 as a power of 2.
$8x^{3}=2^{3}x^{3}=(2x)^{3}.$
$\ln(8x^{3})=\ln(2x)^{3}$
Apply the Power Rule:
$\quad \log_{b}(M^{p})=p\cdot\log_{b}\mathrm{M}$
$=3\ln(2x)$
Thus the statement is True.
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