Which of the following best describes the roles of the parameters L and k in the differential equation dtdy=ky(1−Ly) modeling population growth?
a) L is the initial population size, while k is the carrying capacity that the population approaches.
b) Both L and k are growth–rate constants; L scales the quadratic term and k scales the linear term in the model.
c) L is the limiting population size (carrying capacity), and k is the intrinsic growth rate that determines how quickly the population approaches L.
d) L represents the intrinsic growth rate, whereas k gives the limiting population size.