Answer to Question #73704 in Macroeconomics for Rashid
what is the role of hyperbola in economics and basics???
Hyperbola is called the set of all points of a plane, the module of difference of distances from each of which to two data points of the same plane, which are called tricks, is the value of constant, less than the distance between the tricks. This ratio is called the eccentricity, and for a hyperbola it is always greater than 1. The hyperbola is an open curve (has no ends). This equation is called the canonical form of a hyperbola, because any hyperbola, regardless of its orientation relative to the Cartesian axes and regardless of the location of its center, can be transformed to this form by a change of variables, giving a hyperbola that is congruent to the original