Question: 3. (4 marks) Three difference equations of the form Pn=f(Pn1) are given below. For each graph y=f(x) and y=x, drawl a cobweb plot, and use

 3. (4 marks) Three difference equations of the form Pn=f(Pn1) are

3. (4 marks) Three difference equations of the form Pn=f(Pn1) are given below. For each graph y=f(x) and y=x, drawl a cobweb plot, and use that cobweb plot to analyse the long-term behaviour of each difference equation. (a) P0=0.8 and Pn=f(Pn1), where f(x)=x2. (b) P0=0.8 and Pn=f(Pn1), where f(x)=x20.1. (c) P0=0.8 and Pn=f(Pn1), where f(x)=x2+0.1. Are there windows of periodic behaviour within chaotic regimes in case the long-term behaviour is chaotic for any of these equations? What periodicity do they have? 3. (4 marks) Three difference equations of the form Pn=f(Pn1) are given below. For each graph y=f(x) and y=x, drawl a cobweb plot, and use that cobweb plot to analyse the long-term behaviour of each difference equation. (a) P0=0.8 and Pn=f(Pn1), where f(x)=x2. (b) P0=0.8 and Pn=f(Pn1), where f(x)=x20.1. (c) P0=0.8 and Pn=f(Pn1), where f(x)=x2+0.1. Are there windows of periodic behaviour within chaotic regimes in case the long-term behaviour is chaotic for any of these equations? What periodicity do they have

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!