For the Remaining Questions, Reduce All Fractions to Their Simplest

question 6

Short Answer

For the remaining questions, reduce all fractions to their simplest forms. Convert all improper fractions to mixed numbers. Provide answers in the following format:
Fraction: 3/4
Mixed number: 1 5/8
-If you stack four each of these steel bars, what is the height of the stack, in inches?

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Definitions:

Utility Maximizing

The process by which individuals allocate their resources to achieve the highest level of satisfaction possible.

Bundle

A collection of goods or services sold together as a single package, often at a discounted rate compared to purchasing the items separately.

Marginal Utility

The boost in satisfaction or usefulness experienced from consuming another unit of a product or service.

Utility Maximizing

The principle that individuals or firms seek to achieve the highest level of satisfaction or benefit from their choices with the resources available.