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\frac{1}{8}+\left(\frac{1}{2}\right)^{3}
Calculate \frac{1}{2} to the power of 3 and get \frac{1}{8}.
\frac{1}{8}+\frac{1}{8}
Calculate \frac{1}{2} to the power of 3 and get \frac{1}{8}.
\frac{1+1}{8}
Since \frac{1}{8} and \frac{1}{8} have the same denominator, add them by adding their numerators.
\frac{2}{8}
Add 1 and 1 to get 2.
\frac{1}{4}
Reduce the fraction \frac{2}{8} to lowest terms by extracting and canceling out 2.