Reject: means kc causes increase, not
decrease, in c.
Reject: same reason as (a) or (d).
Accept: means kc causes decrease in
c;
means a causes increase in c.
Reject: means a causes decrease in
c.
This steady state is reasonable. It represents a balance
between withdrawals at rate W and interest earned at rate .
The steady state is unstable. From the
form of the general solution, every solution of this IVP can be
written
for some C that depends on
the IC. Since
for large t, every
solution blows up (except the one with
).
Alternate argument: Consider solutions of the form . Substitute into the DE, use
, and find p' = Ip. Hence,
for
all
, and
is unstable.
Instability is reasonable. If the balance is slightly above
, then interest will outstrip withdrawals and m will
grow; vice-versa if the balance is slightly below
.
(This problem has the same structure as the emigration model.)
y_1 &= &4 + [ -6 4 + 18 0 - 9 ] 1
= -29
y_2 &= &-29 + [ -6 -29 + 18 1 - 9 ] 1
= 154
© 1996 by Will Brother. All rights Reserved. File last modified on September 27, 1996.