I came across this question recently:
I'm completely lost: All I can arrive at is that x = ln(M) +ln(x).
How do I solve this?
On
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$\ds{Mx = \expo{x}\quad\imp\quad x = \ln\pars{x} + \ln\pars{M}}$.
If $M$ is large, $\log M$ will not be too small and $x$ is a little larger than $\log M$. $\log x$ will be rather small. You can use fixed point iteration by setting $x_0=\log M, x_{i+1}=\log M +\log x_i$ which will converge quickly. Try it in a spreadsheet. The first iteration is what they are looking for in $y$.