Hi all,
Currently doing some work for university for my economics degree and have encountered a problem when trying to derive a variable for z given a few other equations. I'm so stuck with it right now that I thought i'd give this a try?
I know the below:
0.5Ax-0.5=0.1
0.5Ay-0.5=z
x=100y
A is a constant
I'm pretty sure I need to solve them simultaneously, and in doing so I've got the answer of z=0.001, however this doesn't seem to fit with the rest of my workings and so I think I may have gone wrong with the maths.
My maths is a little rusty when it comes to this, so any help would be greatly appreciated, thanks!
Currently doing some work for university for my economics degree and have encountered a problem when trying to derive a variable for z given a few other equations. I'm so stuck with it right now that I thought i'd give this a try?
I know the below:
0.5Ax-0.5=0.1
0.5Ay-0.5=z
x=100y
A is a constant
I'm pretty sure I need to solve them simultaneously, and in doing so I've got the answer of z=0.001, however this doesn't seem to fit with the rest of my workings and so I think I may have gone wrong with the maths.
My maths is a little rusty when it comes to this, so any help would be greatly appreciated, thanks!