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Logarithm EXPANSION

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Logarithm

It is the power to which a base must be raised to attain a perticular number.

Example :Let us have two numbers such as 4 and 16, which can be related to each other as 42 = 16 In log :- log416 = 2

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Logarithmic Function

When a variable is expressed as a function of the logarithm of another variable, the fuction is referred to as a logarithmic function. Example :t = loghy

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Logarithmic Expansion

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Applications

Logarithmic functions have important application in growth related problems. Optimum solution can be determined using it.

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Application of logarithm
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In Calculations
Prob lem Solu tion

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Practical Example
Problem :A wine dealer has a stock of wine, the market value of which is known to increase with time, in some prescribed fashion. The problem is to determine the best time to sell that stock on the basis of wine-value function. Objective :To determine the optimum time to sell the wine to get maximum profit.
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