I am struggling making a cobweb diagram for the function
$$x_{t+1}=\dfrac{8x_t}{1+2x_t}.$$
So I understand when making the cobweb diagram, that I have to draw the line $y=x$. But where I have trouble understanding is how to draw the function in the graph. I am given the point $x_0 =0.5$ So I plug this into the function and get $2 = x_1$ and then I keep plugging in points. Do I graph points like $.5,2$ or $0,.5$?

