Abstract
Inspired by the reality that the collection of fixed/common fixed points can embrace any symmetrical geometric shape comparable to a disc, a circle, an elliptic disc, an ellipse, or a hyperbola, we investigate the subsistence of a fixed point and a common fixed point and study their geometry in a partial metric space by introducing some novel contractions and notions of a fixed ellipse-like curve and a common fixed ellipse-like curve which is symmetrical in shape but entirely different than that of an ellipse in a Euclidean space. We look at new hypotheses essential for the collection of nonunique fixed/common fixed points of some mathematical operators to incorporate an ellipse-like curve keeping in view the symmetry in fixed/common fixed points approaches. Appropriate nontrivial examples verify established conclusions. We conclude our work by applying our results to construct the mathematical model and solve the Production-Consumption Equilibrium problem of economics.