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Suppose That We Model Populations (In Millions) of Predators and Preys

question 88

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Suppose that we model populations (in millions) of predators and preys with the system of differential equations: dxdt=2x1.2xydydt=y+0.9xy\begin{array} { l } \frac { d x } { d t } = 2 x - 1.2 x y \\\frac { d y } { d t } = - y + 0.9 x y\end{array} Find the expression for dydx\frac { d y } { d x } .


Definitions:

Quota Rent

The economic rent a producer earns from the difference between the market price of a good and its supply price due to a quota limit.

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded.

Quota Price

The cost associated with acquiring a quota, which is a government-imposed limit on the quantity of a good that can be imported or exported.

Quota Rent

Revenue earned by the holder of a production or import quota, representing the market price minus the supply price under the quota limit.

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