Solve for the Following Pair of Equations to Three Figure

question 366

Short Answer

Solve for the following pair of equations to three figure accuracy.
x - y = 12
4x + 6y = 42

---

Definitions:

Production Possibilities

A graphical representation showing the maximum quantity of goods and services that an economy can produce when all resources are used efficiently.

Circular-Flow Diagram

A visual model of the economy that shows how dollars flow through markets among households and firms.

Capital

Resources made and used to produce and distribute goods and services; examples include machinery, buildings, and tools.

Firms

Business organizations that produce goods or services, often to make a profit.