Yes, 0.5 is half a pound. In the context of weight, 0.5 pounds is equivalent to one-half of a pound.
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.05 oz / 1 lb = 0.5 oz/16 oz = 1/32
A quarter pound
There are 16 ounces in a pound so half a pound = 8 ounces.Therefore eight ounces and half a pound are equal.
A kilogram is larger than a pound, so half a kilogram is larger than half a pound.
lbs are pounds, so half a pound would be half a lb