1. Consider the variables x. v. and z. Assume that the growth rates of these var are given by g(x) = 0.04, g(y) = 0.12 and g(z) = 0.008. Then the growth rate of the variable w = (yx)³/4(z)/4 is approximately equal to a. 16% b. -10% %3D %3D с. 12% d. 12.5%

ENGR.ECONOMIC ANALYSIS
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1. Consider the variables x. V. and z. Assume that the growth rates of these variables
aire given by g(x) = 0.04, g(y) = 0.12 and g(z) = 0.008. Then the growth rate of
the variable w =
%3D
(yx)3/4(z)1/4 is approximately equal to
a. 16%
b. -10%
с. 12%
d. 12.5%
Transcribed Image Text:1. Consider the variables x. V. and z. Assume that the growth rates of these variables aire given by g(x) = 0.04, g(y) = 0.12 and g(z) = 0.008. Then the growth rate of the variable w = %3D (yx)3/4(z)1/4 is approximately equal to a. 16% b. -10% с. 12% d. 12.5%
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