Answer to Question #239427 in Microeconomics for sophia

Question

how did you get 2/3 from 8 000/12 000?

Answer 1

It's simple. You find a common divisor for both the numerator and denominantor. For this case it's 4000. 4000 goes to 8000 two times and goes to 12000 three times.

That is;

$8000/12000=2/3$