Consider the differential equation dtdy=ky(a−y), where k>0 and a>0 are constants.
a. Treating dtdy as a function of y, compute its derivative with respect to y. Clearly show your work.
b. Use your result from part (a) to determine the value of y that maximizes dtdy, and verify that this critical point indeed corresponds to a maximum.
c. Find an expression for the maximum possible growth rate in terms of k and a. Simplify your answer.
d. Discuss the concavity of dtdy as a function of y at the point of maximum growth and explain the practical significance of this concavity when modeling real-world population dynamics.