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Compute the time trajectory and the long term behaviour of the price for the following three cobweb model problems. Do a graphical representation of...
I would like some help with this dynamical system math problem. I have solved it by myself but need some further help to know if its correct. I also need to put it into an excel to guess the solution to the equation. I was wondering what equation i have to put in excel? As of now i have put the general solution but this does not give me any good answers for t, and does not find me the equilibrium which i also have to analyze in excel. I have atteched one image of the excel as well so you can see what i mean.
As you can see i have tried to put the general solution i have found, but it doesnt give me any good answers while guessing t. Please let me know what i have done wrong. Maybe my general solution is wrong?
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- Attachment 2