A manufacturer shrink-wrapped a bottle of laundry soap and a bottle of fabric softener together and suggested a retail price of $6.40.
a. Donna never uses fabric softener, but she uses laundry soap regularly. Determine Donna’s fabric softener to laundry soap preference ratio. What dollar value would she place on each item?
b. Pierce values laundry soap and fabric softener equally. Determine Pierce’s fabric softener to laundry soap preference ratio. What dollar value would he place on each item?
c. John values laundry soap over fabric softener in a 3-to-1 ratio. Describe, in words, what John’s preference ratio means. What dollar value would he place on each item?
d. Bethany values fabric softener over laundry soap in a 4-to-1 ratio. Describe, in words, what Bethany’s preference ratio means. What dollar value would she place on each item?
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