Answer :

Alright, let's go through this step-by-step to determine approximately how many acres an 80,000 square foot lot is.

1. Understanding the Units:
- We know that 1 acre is equivalent to 43,560 square feet.

2. Converting Square Feet to Acres:
- To find out how many acres are in 80,000 square feet, we need to do a division:
[tex]\[ \text{Lot size in acres} = \frac{\text{Lot size in square feet}}{\text{Square feet per acre}} \][/tex]
Here, the lot size in square feet is 80,000, and each acre contains 43,560 square feet:
[tex]\[ \text{Lot size in acres} = \frac{80,000}{43,560} \approx 1.8365 \text{ acres} \][/tex]

3. Comparing with Given Options:
- Let's compare this result with the options provided:

- 1/2 acre: 0.5 acres
- 1 acre: 1.0 acre
- 1 1/2 acres: 1.5 acres
- 2 acres: 2.0 acres

We can see that 1.8365 acres is closest to 2 acres.

Therefore, the lot size is best approximated by option D:
2 acres.