would you divide 1 lb of butter to obtain 2 oz for a cookie recipe?!

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Divide the block into eight - cut in the centre, then cut in the centre of one of those two, then cut again in the centre of one of those bits.

Do you mean how would I do it ??

Simply press a line in the butter at the mid point. You have now marked out 8 oz.

Press the knife in the mid point of that 8 oz section. You now have marked out 4 oz. Do that again and you now have 2 oz marked out. Cut it.

(1 lb is 16 oz)

Done

You would have to divide it... there are16 oz.in a lb so that would be way too much