Is the metric $D(x,y)=|1/x-1/y|$ equivalent to the standard metric $d$ on $(0,1]$?
If so,how?
I know that I have to show for $\epsilon >0$ there exists $\delta >0$ such that $B_D (x, \delta) \subset B_d (x, \epsilon)$.
Also,what about the metric $P(x,y)=|x/({1+|x|})-y/({1+|y|})|$? Is it equivalent to the usual metric on $R$?
Yes, they are equivalent because $f: ((0,1],D) \to ([1, \infty),d)$ defined by $f(x) = \frac{1}{x}$ is an isometry:
$$d(f(x), f(y)) = |\frac{1}{x} - \frac{1}{y}| = D(x,y)$$
and $((0,1],d)$ and $([1,\infty),d)$ are homeomorphic, vis that same $f$.