Answer to Question #199191 in Economics for Ala Ana

Question

Consider the logistic growth model given by 

P' ( t ) = 0.006p ( t ) ( 1 - p ( t ) / 60 ), p₀ = 10

a) Explain the significance of the constants. 

b) Derive the population trajectory. Compute the inflexion point of the trajectory 

c) Compte p₂₀

d) Compute the equilibrium points of the trajectory and analyze their stability. 

Answer 1

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