Presentación logaritmos
Gabriel
Created on December 3, 2023
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Transcript
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LOGARithms in the eConomy
Made by: Gabriel Valera Gálvez and Mia Fernández Bascón
Index
Logarithms in graphs
Uses of logarithms in graphs
Logarithms in demand equations
Logarithms in bain bolds.
Thanks
Logarithms in graphs
Logarithms are used to expose the growing of a graph in relative terms.
USES OF LOGARITHMS IN GRAPHS
offert and demand
They help on knowing the offert and the demand of products.
life of products
They are used to know if a product is going to still being useful or not.
Demographic grow
They help to know the grow of the population of a country.
The increase in price decreases demand, so q= f(p) has a negative slope and is decreasing everywhere. The derivative f(p) compares the change in quantity demanded to the price
Logarithmic derivative of function f(t)
Demand equations
They relate the price and quantity of an item produced for monopolists and the entire industry.
The reason why logarithms are used is to make operations easier. Logarithms have certain properties that allow complex mathematical operations to be performed quickly and easily.
bain
In finance, only positive reals are considered since they are normally used to calculate returns on a continuous basis.