Question: Given the functionf(x) = ln (x+1), x>0 In applying mathematical methods to economics/business problems, we use a broad menu of functions for the purpose of

Given the functionf(x) = ln (x+1), x>0

In applying mathematical methods to economics/business problems, we use a broad menu of functions for the purpose of accurately specifying the properties of the economic variables in question. Find an example that you can use the above function to describe certain economic or business activity.

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