Duwaine R. answered 11/20/14
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Donald is on the right track but instead of using 9/16 LB to represent 3/4 LB of cheese in ounces. It should really be 12/16. In which case 2/3 of 12/16 LB would equate to 8/16 LB which is the same as 8 OZ or 1/2 LB of cheese.
3/4 LB = 12/16 LB
12/16 LB * 2/3 = 24/48 LB = 8/16 LB = 8 OZ.
3/4 * 2/3 = 6/12 = 1/2.
I hope this helps.
-Duwaine R