Answer: The 8 oz steak is a better buy as it has a lower unit price at $1.06 per ounce compared to $1.14 per ounce for the 14 oz steak.
Step-by-step explanation: To determine which is a better buy, we can calculate the unit price of each steak.
The unit price is the price per ounce of steak.
For the 8 oz steak:
Unit price = price ÷ quantity = $8.50 ÷ 8 = $1.06 per ounce
For the 14 oz steak:
Unit price = price ÷ quantity = $16.00 ÷ 14 = $1.14 per ounce
Therefore, the 8 oz steak is a better buy as it has a lower unit price at $1.06 per ounce compared to $1.14 per ounce for the 14 oz steak.