One of the most important differential equations in chemistry uses the Michaelis-Menton or Monod equation. Suppose S is the concentration of a substrate that is being converted into a product. Then

describes how substrate is used. Set k1 = k2 = 1. How does this equation differ from Torricelli's law of draining (Exercise 33)?
Find the equilibria and draw the phase-line diagram for the above differential equations, in addition to answering the questions.

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