
The Exponential
Function
In the preceding subsect ion, we de duced that the equation ln(x) 5 γ has a unique
positive solution x for every real number γ. In other words, the natural logarithm is
an invertible function with domai n R
1
and image R. The inverse of the natural
logarithm is called the exponential function (or natura l expo nential function) and is
written x 7! exp (x). The domain of the exponential function is the entire real line;
the image of the exponential function is the set of positive real numbers.
Recall that, when we say that the exponential function is the inverse function of
the natural logarithm, we mean that a real number a and a positive number b are
related by the equation
b 5 expðaÞ
if and only if
a 5 lnðbÞ
We may also exp ress the inverse relationship between the natural exponential and
logarithm functions as follows:
lnðexpðaÞÞ5 a for all a and expð lnðbÞÞ5 b for all b . 0:
Before continuing, remember that we have started from scratch in this section. In
the current approach, we do not yet have the number e. The idea is to use the
exponential function to define e. After that is done, we will show that exp(x) 5 e
x
.
These developments, however, are still ahead.
Properties of the
Exponential Function
The graph of y 5 exp(x ) appears in Figure 4. It is obtained by reflecting the graph of
y 5 ln(x) through the line y 5 x. (Recall that this is the general procedure for finding
the graph of an inverse function.) Because the graph of y 5 ln(x) lies below the line
y 5 x and is concave down and rising, we conclude that the graph of y 5 exp(x) lies
above the line y 5 x and is concave up and rising. In particular, the natural expo-
nential is an increasing function. Because ln(1) = 0, it follows that exp(0) 5 1. In other
words, 1 is the y-intercept of the graph of y 5 exp(x). The exponential function only
assumes positive values, so there is no x-intercept.
Next, we turn to some of the algebraic properties of the exponential function.
The basic exponential law is
expðs 1 tÞ5 expðsÞexpðtÞ; ð5:5:9Þ
which holds for all real numbers s and t. Identity (5.5.9) is the analogue of equation
(5.5.4) for the logarithm, from which it can be derived. Indeed, notice that
lnðexpðs 1 tÞÞ5 s 1 t 5 lnðexpðsÞÞ1 lnðexpð tÞÞ 5
ð5:5:4Þ
lnðexpðsÞexpðtÞÞ
Because the natural logarithm is a one-to-one function, it follows that exp (s 1 t)
must equal exp (s) exp (t), as identity (5.5.9) asserts.
A few other useful identities can be obtained from equation (5.5.9). For
instance, when s equals 2t, equation (5.5.9) becomes exp (0) 5 exp (2t) exp(t)or
expð2tÞ5
1
expðtÞ
; ð5:5:10Þ
which is the analogue of logarithm identity (5.5.5). Formulas (5.5.9) and (5.5.10)
can be combined to produce
y ln(x)
y exp(x)
y x
x
y
1
1
m Figure 4
5.5 A Calculus Approach to the Logarithm and Exponential Functions 421