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Sales growth and differential equations


SALES GROWTH: The rate of change in sales S (in thousands of units) of a new product is proportional to the product of S and L - S. L (in thousands of units) is the estimated maximum level of sales, and S = 10 when t = 0. Write and solve the differential equation for this sales model.


Solution Summary

This provides an example of writing and solving a differential equation for a given sales model.