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Write an Equation for the Parabola (5,6)( 5 , - 6 )

question 486

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Write an equation for the parabola.
-vertex (5,6) ( 5 , - 6 ) , focus (5,0) ( 5,0 )


Definitions:

Long-Run Equilibrium

A state in a market where all resources are optimally allocated and economic forces are balanced, with no tendency for change until external conditions change.

Perfect Competition

A market structure characterized by many sellers and buyers, homogeneous products, and free entry and exit, resulting in price takers.

Economic Profit

The difference between a business's total revenue and its total costs, including both explicit and implicit costs.

Long-Run Supply Curve

A graphical representation showing the relationship between price and quantity supplied over time, factoring in adjustments in factors of production.

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