Question: Firm X has a production process that has a total joint cost of $17,000. At the split-off point, there are 1,000 pounds of Product 1

Firm X has a production process that has a total joint cost of $17,000. At the split-off point, there are 1,000 pounds of Product 1 and 4,000 pounds of Product 2. What is the cost per pound of Product 1 using the physical measure method?

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