A)Consider a fishery with the net growth function: F(Xt)=rXt[(Xt/ K 0 )-1][1-(Xt/K)].Identify the three steady state stock
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A)Consider a fishery with the net growth function: F(Xt)=rXt[(Xt/K0)-1][1-(Xt/K)].Identify thethree steady state stock values for this fishery in theabsence of any harvest of fish.Then, algebraically determine the conditions under which each of these three steady states would be stable and unstable.
B)AssumeK = 1andK0= 0.25.Using EXCEL, plot out the stock path whenr = 1.8 andr = 3 on asingle chart.Comment on the difference between the two stock paths.Assume an initial stock of 0.2.
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