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LOGARithms in the eConomy

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Transcript

Presentation

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.

Thank you for the attention!

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