Answer to Question #239427 in Microeconomics for sophia

Question #239427

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

Expert's answer

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"

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