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    Exercise WS11.1: Geoff Renshaw, 2016 All Rights Reserved

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    Exercise WS11.1: Geoff Renshaw, 2016 All Rights Reserved

    Uploaded by

    makedonis
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    renshaw4e_furtherexercises_ch11

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    Exercise WS11.1: Geoff Renshaw, 2016 All Rights Reserved

    Uploaded by

    makedonis

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    © All Rights Reserved
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    of 2

    Renshaw: Maths for Economics 4e 1

    Chapter 11: The exponential function and logarithms


    Further student exercises

    Exercise WS11.1

    1. Draw sketch graphs of y  10 x and x  log10 y for values of x from 3 to +3.


    Show algebraically how one graph may be derived from the other, using the
    definition of a logarithm. Use the graphs to explain why (i) only positive
    numbers can have logarithms, and (ii) why the logarithms of numbers between
    0 and 1 are negative.

    (Reminder: By convention, " log y " means log10 y .)

    2. (a) Sketch the graphs of each of the following functions.

    (b) In each case, write down the inverse function.

    (i) y  (25)10 x

    (ii) y  10 0.5 x

    (iii) y   log 0.5x

    3. Using your graphs drawn in questions 1 and 2 above, estimate the values of the
    following. Then check your estimates using a calculator.

    (a) 10 2.5

    (b) 10 0.5

    (c) log 300

    (d) log 15

    Exercise WS11.2

    1. Attempt the following without using a calculator. Then use a calculator to check
    your answers.

    (a) Given log100  2 and log 3  0.4771, what is log 300 ?

    (b) Given log 100


    x
     
     1 , what is x?

    © Geoff Renshaw, 2016. All rights reserved.


    Renshaw: Maths for Economics 4e 2
    Chapter 11: The exponential function and logarithms
    Further student exercises

    (c) Given log 3  0.4771, what is (i) log 0.3 , and (ii) log 30 ?

    2. Solve the equations:

    (a) 1050.5 x  200

    (b) 200  100(1  r ) 20

    (c) 502  25 x

    3. The levels of traffic of various types on UK roads (defined as total distance


    travelled, in billions of kilometres, by all vehicles in the chosen type) was as
    follows:

    Vehicle type 1980 2003

    All vehicles 277 495

    Light vans 26 58

    Heavy goods 20 28
    vehicles

    Buses and 3.5 5.4


    coaches

    Source: www.dft.gov.uk

    (a) Calculate the average annual growth rate for each type of vehicle.

    (b) Between 1990 and 2003 the increase in traffic for all vehicles was 19%. If
    this growth rate continues, (i) calculate what the level of traffic will be in
    2015; (ii) after how many years will traffic have increased to 50% above its
    2003 level?

    © Geoff Renshaw, 2016. All rights reserved.

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