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Firm X has a production process that has a total joint cost of $40,000. 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 $40,000. 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 oound of Product 1 using the physical measure method? Multiple Choice $4.50. $5.00. $5.50. $6.00. $5.75

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