Refer to the Information Given in Table 16 -Refer to Table 16

question 94

Multiple Choice

Refer to the information given in Table 16.6 below to answer the question that follows.
Table 16.6 $\begin{array} { ccc } \text { Number of } & \text { Tim's } & \text { Al's }\\\text {Police Officers}& \text { Willingness to Pay}& \text { Willingness to Pay}\\\hline1 & \$ 100 & \$ 60 \\2 & 80 & 20 \\3 & 50 & 0\\\hline \end{array}$


-Refer to Table 16.6. Assume that the marginal cost of hiring a police officer is $100. If A and B are the only two people in the society, the optimal number of police officers is

• A) 1.
• B) 2.
• C) 3.
• D) indeterminate from this information.

Understand the role of genetic and environmental factors in determining intelligence.

Identify the use and limitations of achievement and aptitude tests in measuring intelligence.

Appreciate the evolution of intelligence testing from its historical roots to modern applications.

Recognize sex differences and the impact of early childhood interventions on intelligence.

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Definitions:

Collateral

An asset or property that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid.

Coupon Interest Rate

The annual interest rate paid on a bond or fixed-income security, expressed as a percentage of the face value.

Carrying Amount

Also known as book value, this represents the value of an asset as recorded in the company's books, accounting for depreciation and amortization.

Face Value

The nominal value or original monetary value printed on a security or currency note.