For the Beverton-Holt model for cod in the previous exercise, consider harvesting at a rate proportional to
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For the Beverton-Holt model for cod in the previous exercise, consider harvesting at a rate proportional to each year’s population, so that the population next year is given by
where r is a positive constant of proportionality. Find the value of S that maximizes ƒ(S), and describe in words what this means.
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