This document discusses using a 4:1 multiplexer to create half adder and half subtractor combinational circuits. It defines half adders, half subtractors, and multiplexers. It then shows the logic diagrams and transistor-level implementations of half adders and half subtractors using a 4:1 multiplexer. The document concludes that combinational circuits like these produce outputs only based on present inputs and have no memory elements, resulting in no delay in producing outputs.