Hi there, I'm struggling with logistic growth rates in a micro economic class. The formula I have been provided with is: q=q0 x (1+r)^t.

Hi there,

I'm struggling with logistic growth rates in a micro economic class.

The formula I have been provided with is: q=q0 x (1+r)^t. Building on this formula is the doubling and half life formulas. Could you explain what each variable is representing and how this formula can be used in an example?

Thanks!

Dana Short