Question: Firm X has a production process that has a total joint cost of $10,000. At the split-off point, there are 2,000 pounds of Product 1

Firm X has a production process that has a total joint cost of $10,000. At the split-off point, there are 2,000 pounds of Product 1 and 6,000 pounds of Product 2. What is the cost per pound of Product 1 using the physical measure method? Multiple Choice $0.75 $1.25 $1.75. Multiple Choice $0.75 O $%125 $1.25 o $125. $2.25

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