Mona and Joseph own a home. Based on the figure provided, what will be the optimum number of actions (such as smoke detectors and sprinklers) to prevent fire in their house? Mona and Joseph decide to purchase fire insurance that reduces the marginal benefit of taking precautions by $4 at every action level. How will the new policy affect the optimal number of precautions? 
Definitions:
Cultural Heritage
The legacy of physical artifacts and intangible attributes of a group or society that are inherited from past generations, preserved in the present and bestowed for the benefit of future generations.
Problem Experienced
A situation or occurrence where difficulty or distress is encountered.
Written Assessment
A form of evaluation that involves responses or answers being provided in written form to measure understanding, skills, or competencies.
Randomized Clinical Trial
A scientific study in which participants are randomly assigned to one of the treatment or control groups to assess the efficacy of a medical intervention.
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