Figure 5-16 Amit and Bree Are the Only Two

question 244

Multiple Choice

Figure 5-16 Amit and Bree are the only two homeowners on an isolated private road. Both agree that installing street lights along the road would be beneficial and want to do so. Figure 5-16 shows their willingness to pay for different quantities of street lights, the market demand for street lights and the marginal cost of installing the street lights.
-Refer to Figure 5-16. How much is Amit willing to pay to have 4 street lights installed?

• A) $3,600
• B) $2,700
• C) $1,800
• D) $900

---

Definitions:

Overregularization

This refers to a common phenomenon in language learning where individuals apply regular grammatical rules to words that are exceptions, often observed in children mastering a language.

Adaptive Problems

Challenges that require adjustment or change in behavior or strategies to effectively address them.

Evolutionary Psychologists

Researchers who study how evolutionary principles, such as natural selection and adaptation, influence human thoughts, feelings, and behaviors.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a given person's mind when evaluating a specific topic, concept, method or decision.