Chapter 4: Problem 99
Solve each equation. Find the exact solutions. $$\log _{x}(18)=2$$
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Chapter 4: Problem 99
Solve each equation. Find the exact solutions. $$\log _{x}(18)=2$$
These are the key concepts you need to understand to accurately answer the question.
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Marginal Revenue The revenue in dollars from the sale of \(x\) items is given by the function \(R(x)=500 \cdot \log (x+1) .\) The marginal revenue function \(M R(x)\) is the difference quotient for \(R(x)\) when \(h=1 .\) Find \(M R(x)\) and write it as a single logarithm. What happens to the marginal revenue as \(x\) gets larger and larger?
Two-Parent Families The percentage of households with children that consist of two-parent families is shown in the following table (U.S. Census Bureau, www.census.gov). $$\begin{array}{|c|c|} \hline \text { Year } & \text { Two Parents } \\ \hline 1970 & 85 \% \\ 1980 & 77 \\ 1990 & 73 \\ 1992 & 71 \\ 1994 & 69 \\ 1996 & 68 \\ 1998 & 68 \\ 2000 & 68 \\ \hline \end{array}$$ a. Use logarithmic regression on a graphing calculator to find the best- fitting curve of the form \(y=a+b \cdot \ln (x)\) where \(x=0\) corresponds to 1960. b. Use your equation to predict the percentage of two-parent families in 2010 . c. In what year will the percentage of two-parent families reach \(50 \% ?\). d. Graph your equation and the data on your graphing calculator. Does this logarithmic model look like another model that we have used?
Find the approximate solution to each equation. Round to four decimal places. $$\frac{1}{e^{x-1}}=5$$
Solve each problem. To illustrate the "miracle" of compound interest, Ben Franklin bequeathed \(\$ 4000\) to the city of Boston in \(1790 .\) The fund grew to \(\$ 4.5\) million in 200 years. Find the annual rate compounded continuously that would cause this "miracle" to happen.
Solve each equation. Find the exact solutions. $$\log _{x}\left(\frac{1}{16}\right)=\frac{4}{3}$$
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