Question: Consider the population model d P d t = 2 P - P 2 5 0 for a species of fish in a lake (

Consider the population model
dPdt=2P-P250
for a species of fish in a lake (notice this is a Logistic model). Suppose it is decided that fishing will be allowed, but it is unclear how many fishing licenses should be issued. Suppose the average catch of a fisherman with a license is 3 fish per year (these are hard fish to catch).
(a) What is the largest number of licenses that can be issued if the fish are to have a chance to survive in the lake?
(Hint: think about a bifurcation -- a qualitative change in the behavior of solutions such as population stability at a non-zero value vs die-off to population of zero.)
Consider the population model d P d t = 2 P - P 2

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