Cost Table Q TC ATC MC 0 $15,000 [ATC1] [MC1] 100 $30,…

Cost Table Q TC ATC MC 0 $15,000 [ATC1] [MC1] 100 $30,000 [ATC2] [MC2] 200 $40,000 [ATC3] [MC3] (Each selection is worth 1 point each) Complete the cost table given above by calculating the average total cost (ATC) and marginal cost (MC) associated with each quantity. Each answer should include a dollar sign at the beginning of the number. If an answer is not a whole number please type the answer out to two decimal places. If an answer does not exist type “DNE” but do not include the quotation marks.  

(Each selection is worth 2 points) Two companies, Apple and…

(Each selection is worth 2 points) Two companies, Apple and Google, are considering developing a smart phone. Development will require significant up-front investment. The game matrix below shows the payoffs for two companies depending upon each company’s decision to develop or not develop. Google’s payoffs are always listed first and Apple’s payoffs are always listed second.    Payoff Matrix Apple Develop Don’t Develop Google Develop (-$5 mill, -$5 mill) ($10 mill., $0) Don’t Develop ($0, $10 mill.) ($0,$0) Label each outcome as “Nash Equilibrium” or “Not a Nash Equilibrium.” (Develop, Develop) [outcome1] (Develop, Don’t Develop) [outcome2] (Don’t Develop, Develop) [outcome3] (Don’t Develop, Don’t Develop) [outcome4]