Question

What is parabola in economics​

Answer 1

Explanation:

Ecomists use parabolas to maximize profit, minimize cost, and forecast lost or profit.- Economic parabolas always open downward, since there is no negative quantity. - The vertex of the parabola is the lowest profit point. The more height the more money the parabola is representing.

Answer 2

ANSWER:-Parabola. A parabola is a U-shaped plane curve where any point is at an equal distance from a fixed point (known as the focus) and from a fixed straight line which is known as the directrix.

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