Struggling with the one below. I'm fine with the first few steps but unsure about the last few steps and what transformations to make as well as dealing with that negative sign! Please help!
lnI = ln(2V) - {ln(KR + r) - lnK + KL}
I basically get to:
ln(2V)
divided by
ln(K(KR + r) - KL
If I take logs, I'm not sure how to deal with the -lnKL??? I think it could be related to it being transformed to: ln(base KL)e so it'll go in the numerator right? but what about the neg sign? :S
lnI = ln(2V) - {ln(KR + r) - lnK + KL}
I basically get to:
ln(2V)
divided by
ln(K(KR + r) - KL
If I take logs, I'm not sure how to deal with the -lnKL??? I think it could be related to it being transformed to: ln(base KL)e so it'll go in the numerator right? but what about the neg sign? :S