Why must private ownership of property be guaranteed before a free market economy will work? Entrepreneurs need to be assured that they will benefit from a successful project.

Without such a guarantee, criminals can steal the profits from a good business.

Unemployment will be too high for the private ownership to work without the guarantee.

The government will retain too much power if there is a guarantee.

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Vital industries manufactured 2 comma 200 units of its product huge in the month of april. it incurred a total cost of $ 121 comma 000 during the month. out of this $ 121 comma 000, $ 46 comma 000 comprised of direct materials used in the product and the rest was incurred because of the conversion cost involved in the process. ryan had no opening or closing inventory. what will be the total cost per unit of the product, assuming conversion costs contained $ 10 comma 900 of indirect labor?

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