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Biologists stocked a lake with fish and estimated the carrying capacity (the maximal population for the fish of that species in that lake) to be
. The number of fish tripled in the first year. Assuming that the size of the fish population satisfies the logistic equation, find an expression for the size of the population after t years.
Antitrust Laws
Legislation enacted to prevent or limit monopolies, promote competition, and safeguard consumer rights by regulating anti-competitive practices.
X-Coordinate
The horizontal value in a pair of coordinates that indicates a point's location on a two-dimensional graph.
Circular-Flow Diagram
The circular-flow diagram is an economic model illustrating the flow of goods and services, income, and payments between households and businesses in an economy.
Simple Economy
An abstract economy with few components, simplifying analysis of economic principles.
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