
Yefim S. answered 02/16/21
Math Tutor with Experience
a)We separate variables: dP/Pln(K/P) = cdt; ∫dP/P(lnK - lnP) = ∫cdt; - ln(lnK - lnP) = ct + C;
ln(ln1000 - lnP) = 0.25t + C; - ln(ln1000 - ln 100) = C; C = - ln(ln10);
ln(ln1000 - ln P) = - 0.25t + ln(ln10);
ln1000 - lnP= e- 0.25t ln10;
lnP = 3ln10 - e-0.25t·ln10= (3 - e-0.25t)ln10
P(t) = 10^(3 - e- 0.25t);
b) limP(t) = 103 = 1000
t→∞
c)You have to find maximum of P'(t). So you have to find C''(t) =0 to get t