Write the Equation of the Ellipse Graphed Below

question 109

Short Answer

Write the equation of the ellipse graphed below.

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Definitions:

Budget Line

The graphical depiction of the trade-off between two goods, demonstrating the combinations that a consumer can afford based on their income and the goods' prices.

Marginal Utility

The change in total satisfaction received from consuming one additional unit of a good or service.

Potato Chips

A thin slice of potato that has been deep fried, baked, or otherwise cooked until crunchy, often served as a snack.

Cola

A sweetened carbonated soft drink, usually flavored with a specific type of syrup and often caffeinated.