Rewriting and solving a real-world exponential model
The amount of energy released from one earthquake was 500 times greater than the amount of energy released from another. The equation
represents this situation, where
is the difference in magnitudes on the Richter Scale. To the nearest thousandth, what was the difference in magnitudes?
We begin by rewriting the exponential equation in logarithmic form.
Next we evaluate the logarithm using a calculator:
The amount of energy released from one earthquake was
times greater than the amount of energy released from another. The equation
represents this situation, where
is the difference in magnitudes on the Richter Scale. To the nearest thousandth, what was the difference in magnitudes?
The most frequently used base for logarithms is
Base
logarithms are important in calculus and some scientific applications; they are called
natural logarithms . The base
logarithm,
has its own notation,
Most values of
can be found only using a calculator. The major exception is that, because the logarithm of 1 is always 0 in any base,
For other natural logarithms, we can use the
key that can be found on most scientific calculators. We can also find the natural logarithm of any power of
using the inverse property of logarithms.
Definition of the natural logarithm
A
natural logarithm is a logarithm with base
We write
simply as
The natural logarithm of a positive number
satisfies the following definition.
For
We read
as, “the logarithm with base
of
” or “the natural logarithm of
”
The logarithm
is the exponent to which
must be raised to get
Since the functions
and
are inverse functions,
for all
and
for
Given a natural logarithm with the form
evaluate it using a calculator.
Press
[LN] .
Enter the value given for
followed by
[ ) ] .
Press
[ENTER] .
Questions & Answers
What are the factors that affect demand for a commodity
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
When MP₁ becomes negative, TP start to decline.
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 •
Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 •
Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
ok
Shukri
how do you save a country economic situation when it's falling apart
Economic growth as an increase in the production and consumption of goods and services within an economy.but
Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has
The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50.
A,Calculate quantities of x and y which maximize utility.
B,Calculate value of Lagrange multiplier.
C,Calculate quantities of X and Y consumed with a given price.
D,alculate optimum level of output .
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
Abdureman
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