Understanding the domain and range of a function is crucial, especially when dealing with curves like the Cissoid of Diocles, which are defined by implicit equations. The domain specifies all possible \(x\)-values, while the range indicates all possible \(y\)-values.
For the given equation \(y^2 = \frac{x^3}{2-x}\), the domain excludes any \(x\)-value that would make the denominator zero. Therefore, as \(2-x = 0\) must be avoided, \(x eq 2\) is a crucial restriction. This leads to a domain of \(x \in (-\infty, 2) \cup (2, \infty)\).
- The vertical asymptote at \(x = 2\) means the graph doesn't touch or cross this line, reflecting the exclusion from the domain.
The range can be more challenging to determine since \(y\)-values depend on \(x\)-values through the equation, but is not initially restricted. Here, \(y \in (-\infty, \infty)\), given the \(y^2\) form, is unrestricted across real numbers, considering all real financial values produce legitimate \(y\)-outputs.