**Unformatted text preview: **1000 kg m 3 . a) v t +1 = 2 v t- 3 b) m t +1 =1000 v t +1 m t +1 =1000 2 v t- 3 ( ) m t +1 = 2000 v t- 3000 m t +1 = 2000 m t 1000- 3000 m t +1 = 2 m t- 3000 2. (5 pts) Graph the following updating function and cobweb for three steps starting with the initial point x = 3 . Label the points on the cobweb diagram. Explain the long-term behavior of x . x t +1 = 3 x t- 5 (3,4) (4,7) (7,16) x t+1 x t x t +1 =3 x t- 5 Long-term behavior of x is that it grows without bound....

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