You purchase a cheese wheel at the grocery store for $15. The cheese wheel is made up of 32 ounces of cheddar and 32 ounces of Monterey jack, as shown.
Suppose you like cheddar cheese twice as much as Monterey jack cheese.
a. Determine your cheddar cheese to Monterey jack cheese preference ratio.
b. What fraction of the cheese wheel is the cheddar cheese?
c. Based on your cheese preference, what fraction of the value of the whole cheese wheel is the value of the cheddar cheese? Recall that one complete revolution is 360°.
d. If you cut off a wedge containing 20 ounces of cheddar cheese, what dollar value would you place on the wedge?
e. What dollar value would you place on wedges I and III?
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