Find an Equation for the Ellipse Described $( 0,0 ) ;$

question 51

Multiple Choice

Find an equation for the ellipse described.
-Center at $( 0,0 ) ;$ focus at $( 0,5 )$ ; vertex at $( 0 , - 7 )$

• A) \(\frac { x ^ { 2 } } { 24 } + \frac { y ^ { 2 } } { 49 } = 1\)
• B) \(\frac { x ^ { 2 } } { 25 } + \frac { y ^ { 2 } } { 24 } = 1\)
• C) \(\frac { x ^ { 2 } } { 25 } + \frac { y ^ { 2 } } { 49 } = 1\)
• D) \(\frac { x ^ { 2 } } { 49 } + \frac { y ^ { 2 } } { 24 } = 1\)

Determine the outcomes of excess supply or demand in market equilibrium.

Understand the implications of changes in income on demand for normal goods.

Evaluate the impact of supply and demand equations on market equilibrium prices and quantities.

Comprehend the role of substitutes in market dynamics and how changes in the supply of one good can affect the price of substitute goods.

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Definitions:

Accounts Receivable

Funds that customers owe to a business for products or services provided but for which payment has not yet been received.

Unearned Sales Revenues

A liability on a company's balance sheet that represents revenue received before the company has delivered goods or services.

Sales Revenues

Sales revenues refer to the income generated from the sale of goods or services by a company before any expenses are subtracted, indicating the primary source of business income.

Operating Expenses

Costs related to the day-to-day functions of a business, excluding cost of goods sold, but including items like rent, salaries, utilities, and depreciation.