I'm reading through parts of Spivak and was struggling with his discussion on exponential and logarithmic functions (Pg 340, 2008). In this portion of text he's trying to find the derivative of some sort of function that would behave as follows, $$f(x+y)=f(x)\cdot f(y)$$
So he assumes such a function exists and begins to take its derivative from first principles.
Below is an image of his text. I have a few questions.
What does he mean when he says, "The answer thus depends on...", why does it depend on $f'(0)$? And what happened to $f(x)$? Is he just saying this because f(x) is constant with respect to the actual limit?
Second, what did he do to start taking the derivative of the logarithm function? I'm probably missing something obvious but where did he get the expression, $\frac{1}{f'(f^{-1}(x))}$?