Points Orunstable Equilibrium Solutions. So, For Our Logistics Equation, P 0
The document discusses two types of equilibrium solutions - unstable and asymptotically stable. An unstable equilibrium point is where solutions starting near it move away from the point over time, so P=0 is unstable for the logistics equation. An asymptotically stable equilibrium point is where nearby solutions move toward it over time, so P=10 is asymptotically stable for the logistics equation.
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Points Orunstable Equilibrium Solutions. So, For Our Logistics Equation, P 0
The document discusses two types of equilibrium solutions - unstable and asymptotically stable. An unstable equilibrium point is where solutions starting near it move away from the point over time, so P=0 is unstable for the logistics equation. An asymptotically stable equilibrium point is where nearby solutions move toward it over time, so P=10 is asymptotically stable for the logistics equation.
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Equilibrium solutions in which solutions that start near them move away
from the equilibrium solution are called unstable equilibrium
points orunstable equilibrium solutions. So, for our logistics equation, P = 0 is an unstable equilibrium solution. Next, solutions that start near P = 10 all move in toward P = 10 as t increases. Equilibrium solutions in which solutions that start near them move toward the equilibrium solution are called asymptotically stable equilibrium points or asymptotically stable equilibrium solutions. So, P = 10 is an asymptotically stable equilibrium solution.
(Ebook) General Equilibrium Theory: An Introduction, 2nd Edition by Ross M. Starr ISBN 9780521533867, 9780521826457, 0521533864, 0521826454 - The ebook is ready for download, no waiting required