Processing lists on the 50G

[EngineerX]

Hello everyone, Happy new year.
Let me ask you a question about lists on the 50g:

How would one go about processing a number of lists such as these ones:

{1 2 3} - might label it x
{0 1 2} - might label it y

Now, what you be the procedure to make another list whose elements are a function f(x,y) such as (1+1/x)*y?

Thank you in advance.

Edit: I am reading the manual (48, not 49). It shows how to do it with one list and using a program, which would be ideal. The problem is how to make the program process two or more lists at once.