Question: Consider the following difference equation $t+1 = C$t(2 23:) where c > 0 is a parameter. The equation has two equilibria that one is 5:1

Consider the following difference equation $t+1 = C$t(2 23:) where c

Consider the following difference equation $t+1 = C$t(2 23:) where c > 0 is a parameter. The equation has two equilibria that one is 5:1 2 O. The second one is The second equilibrium is stable for c E (or, )3) where o: = E and ,8 = E

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