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The cost-benefit equation$$T=-0.642-189 \ln (1-p)$$describes the approximate tax $T,$ in dollars per ton, that would result in a $p \%$ (in decimal form) reduction in carbon dioxide emissions.(a) What tax will reduce emissions $25 \% ?$(b) Explain why the equation is not valid for $p=0$ or $p=1$
(a) $\$ 54$ per ton(b) If $p=0,$ then $\ln (1-p)=\ln 1=0,$ so $T$ would be negative. If $p=1,$ then $\ln (1-p)=\ln 0,$ but the domain of $\ln x$ is $(0, \infty)$
Algebra
Chapter 12
Inverse, Exponential, and Logarithmic Functions
Section 5
Common and Natural Logarithms
Functions
Exponential and Logarithmic Functions
Missouri State University
Oregon State University
Harvey Mudd College
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Okay. So for part, they were given that P is equal to 25. So we went to reduce our emission by 25%. So it's programmed into our equation. That's tea is equal to negative. 0.6 42 minus 189 and in the natural log of one minus 25. Okay, so, um, it's plug this in. You want 25%. So p is actually a point to apply. Since it this is in percentage. Okay, so let's put that into our John put it. Okay, so this is equal to a 54.3077 Okay, I now for part B, we went to or were asked, Why can't we solve the phone equation? If P is equal to they're all or P is equal to one. So we we need to specifically look at this portion. So if you have the natural log of one minus girl, that's equal to the natural log of one. Would you throw? Well, if we're talking about a P value being zero, this would mean that we want Teoh reduced the commission rate by There are presents, and this it would mean by 100%. And in these two cases, that's sort of impossible
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