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Hotelling's lemma is a result in microeconomics that relates the supply of a good to the maximum profit of the producer. It was first shown by Harold Hotelling, and is widely used in the theory of the firm.
Logarithms can be used to make calculations easier. For example, two numbers can be multiplied just by using a logarithm table and adding. These are often known as logarithmic properties, which are documented in the table below. [2] The first three operations below assume that x = b c and/or y = b d, so that log b (x) = c and log b (y) = d.