1-please help with highlighted portion The problem requires determining which equilibria are stable for the equation \( N_{t+1} = 2.2N_t \) with \( t = 0, 1, 2, \ldots \). The instruction is to use cobwebbing to determine the stability of the equilibria found.**Graphs Explanation:**There are four graphs labeled A, B, C, and D. Each graph plots \( N_{t+1} \) against \( N_t \).- The graphs show straight lines representing the function \( N_{t+1} = 2.2N_t \) and the identity line \( N_{t+1} = N_t \).- Each graph contains a cobweb diagram starting from an initial point and iterates using vertical and horizontal moves to graphically represent successive values of \( N_t \).- The x-axis is labeled \( N_t \) and ranges from 0 to 10.- The y-axis is labeled \( N_{t+1} \) and ranges from 0 to 10.**Task:**Determine which equilibria are stable. Select the correct choice below and, if necessary, fill in the answer box to complete your choice.- **Option A:** The stable equilibria are \( N = \) (Type an integer or a decimal. Use a comma to separate answers as needed.)- **Option B:** There are no stable equilibria.

Name: 1-please help with highlighted portion The problem requires determinin
Uploaded: 2024-03-20T07:07:37.000Z
Channel: Bartleby
Description: 1-please help with highlighted portion The problem requires determining which equilibria are stable for the equation \( N_{t+1} = 2.2N_t \) with \( t = 0, 1, 2, \ldots \). The instruction is to use cobwebbing to determine the stability of the equilib