Select the Correct Answer: for Each Question

question 24

Multiple Choice

Select the correct Answer: for each question.
-Write a polar equation of the conic that has a focus at the origin, eccentricity and directrix Identify the conic.

• A) hyperbola
• B) hyperbola
• C) ellipse
• D) ellipse

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Definitions:

Conjectural Variation

An expectation of how rival firms will react to a change in the quantity and price of goods a firm markets.

Demand Function

A mathematical formula that describes the relationship between the quantity demanded of a good and its various determinants such as price, income, and substitute prices.

Cournot Equilibrium Price

A concept in economics where firms reach a state in which each firm chooses the quantity to produce to maximize its profit, given the quantities chosen by other firms in the market.

Inverse Demand Function

A mathematical representation showing the relationship between the price of a good and the quantity demanded, expressed as price as a function of quantity.