Homework Statement
y and x are both close to 1.
ln(y) - ln(x) \approx (y-x)(lnx)'
Can someone explain me why this is true?
By the way, (lnx)' is the derivative of lnx, which is just 1/x
The Attempt at a Solution
I guess this is something to do with the taylor series of ln(x). I tried to...