In _______ the owner(s) of the business is (are) responsible for all the debts incurred by the business and may have to pay those debts from his/her (their) personal wealth.

Which of the following does not change with the level of output?

Table 1.1 Total Output (Q) Total Cost (TC) 0 1 2 3 4 5 6 7 8 1,000 2,000 2,800 3,500 4,000 4,500 5,200 6,000 7,000 Refer to Table 1.1. Marginal cost (MC) of the eighth unit of output is $___

The senator from Iowa supports funding for a freeway in Hawaii, because

Table 1.2 Total Output (Q) Total Cost(TC) 10 20 30 40 50 60 70  2,000 2,900 3,700 4,400 5,000 6,200 6,000   Refer to Table 1.2. Average total cost (ATC) at 10 units of output is $___

Table 1.1 Total Output (Q) Total Cost (TC) 0 1 2 3 4 5 6 7 8 1,000 2,000 2,800 3,500 4,000 4,500 5,200 6,000 7,000 Refer to Table 1.1. Marginal cost (MC) of the first unit of output is $___

Table 1.1 Total Output (Q) Total Cost (TC) 0 1 2 3 4 5 6 7 8 1,000 2,000 2,800 3,500 4,000 4,500 5,200 6,000 7,000 Refer to Table 1.1. Marginal cost (MC) of the second unit of output is $___

Table 1.2 Total Output Total Cost 10 20 30 40 50 60 70  2,000 2,900 3,700 4,400 5,000 6,200 6,000   Refer to Table 1.2. Marginal cost (MC) of the 40th unit of output is $___

Negative externalities that come from the production of a good

Table 1.1 Total Output (Q) Total Cost (TC) 0 1 2 3 4 5 6 7 8 1,000 2,000 2,800 3,500 4,000 4,500 5,200 6,000 7,000 Refer to Table 1.1. Average total cost (ATC) at 7 units of output is $___ . (Round up your answer to 2 decimal places).