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A teacher's guide to the applications of logarithmic functions.

As always, things get harder when we get into word problems. There are a few things I want them to take away here.

First—logs are used in a wide variety of real world situations.

Second—logs are used because they compress scales. In other words, because they grow so slowly, we use logarithmic scales whenever we want to work with a function that, by itself, grows too quickly. Or, to put it another way, we use logarithms whenever something varies so much that you don’t care exactly what is, just what the power of 10 is. Don’t say all this before they start working, but hopefully they will come up with something like this on #6.

Homework:

“Homework: What Are Logarithms Good For, Anyway?”

In addition to following up on the in-class work, the homework here also introduces the common and natural logs. It’s a bit of a weak connection, but I had to stick them somewhere.

Time for another test!

The sample test is actually pretty important here. It pulls together a lot of ideas that have been covered pretty quickly.

The extra credit is just a pun. The answer is log cabin or, better yet, natural log cabin. Who says math can’t be fun?

According to my reckoning, you are now approximately halfway through the curriculum. Mid-terms are approaching. If there are a couple of weeks before mid-terms, I would not recommend going on to radicals—spend a couple of weeks reviewing. Each topic (each test, really) can stand a whole day of review. It may be the most important time in the whole class!

Questions & Answers

Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
Widad Reply
can you send the book attached ?
Ariel
?
Ariel
What is economics
Widad Reply
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn Reply
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn
what is ecnomics
Jan Reply
this is the study of how the society manages it's scarce resources
Belonwu
what is macroeconomic
John Reply
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
etc
husaini
difference between firm and industry
husaini Reply
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from Qd  120 3P to Qd  90  3P and the supply function has shifted from QS  20  2P to QS 10  2P . a) Find the effect of this change on price and quantity. b) Which of the changes in demand and supply is higher?
Toofiq Reply
explain standard reason why economic is a science
innocent Reply
factors influencing supply
Petrus Reply
what is economic.
Milan Reply
scares means__________________ends resources. unlimited
Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Zarshad Reply
Why qualify 28 supplies
Milan
what are explicit costs
Nomsa Reply
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
David Reply
economic overview notes
Amahle Reply
identify a demand and a supply curve
Salome Reply
i don't know
Parul
there's a difference
Aryan
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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Source:  OpenStax, Advanced algebra ii: teacher's guide. OpenStax CNX. Aug 13, 2009 Download for free at http://cnx.org/content/col10687/1.3
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