Identify the Conic as a Circle or an Ellipse Then $\frac { x ^ { 2 } } { 49 } + \frac { y ^ { 2 } } { 49 } = 1$

question 48

Multiple Choice

Identify the conic as a circle or an ellipse then find the center.​ $\frac { x ^ { 2 } } { 49 } + \frac { y ^ { 2 } } { 49 } = 1$ ​

• A)Circle Center: (0,0)
• B)Ellipse Center: (0,0)
• C)Circle Center: (7,0)
• D)Ellipse Center: (0,7)
• E)​Circle Center: (7,7)

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Definitions:

Profit-Maximizing Monopolist

Refers to a monopolistic firm's objective to determine the quantity of output and pricing that leads to the highest possible profits, taking into account the market constraints it faces.

Profit

The financial gain realized when the amount of revenue gained exceeds the expenses, costs, and taxes needed to sustain the operation.

Nondiscriminating Monopolist

A monopoly that charges all consumers the same price for its product, rather than setting different prices for different consumers or groups.

Total Costs

The sum of all costs incurred in the production of goods or provision of services, including both fixed and variable costs.