Use the Following to Answer Questions

question 40

Multiple Choice

Use the following to answer questions :
Populations of a certain yeast strain grow according to a simple form of logistic growth in which r declines linearly with population density.Suppose that the rate of increase is 0.04 per day when density is very low and the rate of increase is 0.02 per day when the density is 15,000 per cubic centimeter.
-What is the rate of growth at the carrying capacity?

• A) -0.04
• B) 0
• C) 0.02
• D) 0.04
• E) It cannot be determined.

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Definitions:

Inefficient Equilibrium

A state in a market where resources are not allocated optimally, leading to wastage or loss of potential gain.

Price and Quantity

The relationship between the price of an item and how much of that item is available or demanded at that price point.

Government Licensing

The requirement of official permission or a permit from a government authority to legally perform certain activities, operate a business, or practice a profession.

Competitive Market

A market structure characterized by a large number of sellers and buyers, where no single entity has the power to influence prices significantly.