Suppose y = 4w7/(x5z3). Suppose that w increases 5%, x increases 1% , and z increases 1% . By what percent should y increase? Your answer should be an integer with a % sign assumed to follow (e.g., if you wish to say 48 percent, write 48). The percent increase in y should be approximately.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 1.4CE
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Suppose y = 4w7/(x5z3). Suppose that w increases 5%, x increases 1% , and z increases 1% . By what percent should y increase? Your answer should be an integer with a % sign assumed to follow (e.g., if you wish to say 48 percent, write 48). The percent increase in y should be approximately.

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