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Answer :
Final answer:
To find the cost of 1 oz when $0.85 is for 8 oz, divide $0.85 by 8, resulting in $0.10625 per oz. Larger package sizes generally offer a lower cost per ounce, reflecting economies of scale.
Explanation:
If there is $0.85 for 8 oz, to find out how much 1 oz would cost, you would divide the total cost by the number of ounces. This gives you the cost per ounce. In this case, you would perform the following calculation: $0.85 ÷ 8 oz = $0.10625 per oz.
When looking at other package sizes and their costs, such as a 32 oz jar for $4.80 with a unit price of $0.15 per oz, you can see that larger quantities often result in a lower cost per unit. This aligns with the concept of economies of scale, where buying in bulk can lead to savings.
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