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Differential EquationsChallengeModels & Qualitative Behavior

Models & Qualitative Behavior · Challenge problem

A fishery with logistic growth P′=0.6P(1−P2000)P' = 0.6P\left(1 - \dfrac{P}{2000}\right) is fished with constant effort EE, removing EPEP fish per year, so P′=0.6P(1−P2000)−EPP' = 0.6P\left(1 - \dfrac{P}{2000}\right) - EP. The stock settles at its positive stable equilibrium and the yearly catch there is EP∗EP^*. Which effort EE maximises this sustained catch?