Given the function f(x) = ln (x+1), x>0 In applying mathematical methods to economics/business problems, we use a broad menu of functions for the purpose of accurately specifying the properties of the economic variables in question. Find an example that you can use the above function to describe certain economic or business activity.
Given the function f(x) = ln (x+1), x>0 In applying mathematical methods to economics/business problems, we use a broad menu of functions for the purpose of accurately specifying the properties of the economic variables in question. Find an example that you can use the above function to describe certain economic or business activity.
Chapter13: General Equilibrium And Welfare
Section: Chapter Questions
Problem 13.7P
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Given the function f(x) = ln (x+1), x>0
In applying mathematical methods to economics/business problems, we use a broad menu of functions for the purpose of accurately specifying the properties of the economic variables in question. Find an example that you can use the above function to describe certain economic or business activity.
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