Complete the following table, which shows the combined benefits of Nick and Tim as previously described. Tim Contributes Doesn't contribute Contributes $1,080 Nick Doesn't contribute $840 Of the four cells of the table, which gives the greatest combined benefits to Nick and Tim? O When both Nick and Tim contribute to the botanical garden When Nick contributes to the botanical garden and Tim doesn't, or vice versa O When neither Nick nor Tim contributes to the botanical garden Now, consider the incentive facing Nick individually. The following table looks similar to the previous one, but this time, it is partially completed with the individual benefit data for Nick. As shown previously, if both Nick and Tim contribute to a public good, Nick receives a benefit of $540. On the other hand, if Tim contributes to the botanical garden and Nick does not, Nick receives a benefit of $570.\f3. Voluntary contributions toward a public good Nick and Tim are considering contributing toward the creation of a botanical garden. Each can choose whether to contribute $300 to the botanical garden or to keep that $300 for a pool table. Since a botanical garden is a public good, both Nick and Tim will benet from anyr contributions made by the other person. Specifically, every dollar that either one of them contributes will bring each of them $0.90 of benet. For example, if both Nick and Tim choose to contribute, then a total of $600 would be contributed to the botanical garden. So, Nick and Tim would each receive $540 of benet from the botanical garden, and their combined benet would be $1,080. This is shown in the upper left cell of the rst table. Since a pool table is a private good, if Nick chooses to spend $300 on a pool table, Nick would get $300 of benefit from the pool table and Tim wouldn't receive an).r benet from Nick's choice. If Nick still spends $300 on a pool table and Tim chooses to contribute $300 to the botanical garden, Nick would still receive the $270 of benet from Tim's generosity. In other words, if Nick decides to keep the $300 for a pool table and Tim decides to contribute the $300 to the public project, then Nick would receive a total benefit of $300+ $270 2 $570, Trrn would receive a total benet of $270, and their combined benefit would be $840. This is shown in the lower left cell of the rst table