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4.5 Logarithmic Functions OBJECTIVES Review logarithmic functions Differentiate functions involving natural logarithms. Solve application problems with logarithmic functions Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley Logarithmic Functions DEFINITION: A logarithm is defined as follows: log a x y means a y x, a 0, a 1. The number loga x is the power y to which we raise a to get x. The number a is called the logarithmic base. We read loga x as “the logarithm, base a, of x.” Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley Slide 3.2 - 2 Logarithmic Functions DEFINITION: For any positive number x, ln x loge x. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley Slide 3.2 - 3 Logarithmic Functions Review: Properties of Natural Logarithms P1. ln(MN ) M P2. ln N k P3. ln a ln e P4. P5. P6. P7. ln ek ln1 log b M ln M ln N ln M ln N k ln a 1 k 0 ln M lnb and ln M Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley log M log e Slide 3.2 - 4 Logarithmic Functions THEOREM ln x exists only for positive numbers x. The domain is (0, ∞). ln x < 0 for 0 < x < 1. ln x = 0 when x = 1. ln x > 0 for x > 1. The function given by f (x) = ln x is always increasing. The range is the entire real line, (–∞, ∞). Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley Slide 3.2 - 5 Logarithmic Functions THEOREM For any positive number x, d 1 ln x . dx x Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley Slide 3.2 - 6 Logarithmic Functions THEOREM d 1 f (x) ln f (x) f (x) , dx f (x) f (x) OR d 1 du lnu . dx u dx The derivative of the natural logarithm of a function is the derivative of the function divided by the function. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley Slide 3.2 - 7 Logarithmic Functions Example 1: Differentiate a) y ln(3x); b) y ln( x 5) c) f ( x) ln(ln x) 2 x 4 d) f ( x) ln x 3 Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley Slide 3.2 - 8 dy 1 1 a) 3 . dx 3x x dy 1 2x b) 2 2x 2 . dx x 5 x 5 1 1 1 c) f (x) . ln x x x ln x Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley Slide 3.2 - 9 Logarithmic Functions Example1(concluded): d) f (x) d 3 [ln(x 4) ln x] dx 2 3x 1 3 x 4 x 3x 2 x 1 (x 3 4) x(x 3 4) 3x 3 x 3 4 x(x 3 4) 2x 3 4 3 x(x 4) Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley Slide 3.2 - 10 Example 2 Suppose the demand function for q units of a certain 50 item is p D(q) 100 ln(q) , for q 1 where p is in dollars. Find the marginal revenue. Answer:R(q)=(100+50/ln(q))q R’(q)=50/ln(q) – 50/ln(q)^2 + 100 Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley Slide 3.2 - 11