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Please help with 3(b). The diagram will be posted later on. Thanks 3. (a) Use the limit definition of derivative to show that p(t) satisfies

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Please help with 3(b). The diagram will be posted later on. Thanks

image text in transcribed
3. (a) Use the limit definition of derivative to show that p(t) satisfies the differential equation p' ( t ) = Jap(t) ift T (You may use without proof the fact that lim ch - 1 - log(c) for all c > 0.) h-+0 h (b) Which of the two firms, Sargeaunt Pass or Humphrey Rock, has a larger parameter a? Justify your answer carefully

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