The following figure shows the indifference curves U 1 and U 2 of a consumer choosing between hours devoted at a tennis club and other goods.All consumers in this market have identical demand curves.IZ is the original budget line of a representative consumer,which shifts to AB when the club begins to charge an entry fee.
Figure 12-3
-In Figure 12-3,the consumer is indifferent between purchasing:
A)OF court hours and OE court hours.
B)OZ court hours and OB court hours.
C)zero court hours and OF court hours.
D)zero court hours and OE court hours.

Question

The following figure shows the indifference curves U 1 and U 2 of a consumer choosing between hours devoted at a tennis club and other goods.All consumers in this market have identical demand curves.IZ is the original budget line of a representative consumer,which shifts to AB when the club begins to charge an entry fee.
Figure 12-3 
-In Figure 12-3,the consumer is indifferent between purchasing:
A)OF court hours and OE court hours. 
B)OZ court hours and OB court hours. 
C)zero court hours and OF court hours. 
D)zero court hours and OE court hours.

Quizplus · Accepted Answer

The Answer of The following figure shows the indifference curves U 1 and U 2 of a consumer choosing between hours devoted at a tennis club and other goods.All consumers in this market have identical demand curves.IZ is the original budget line of a representative consumer,which shifts to AB when the club begins to charge an entry fee.
Figure 12-3 
-In Figure 12-3,the consumer is indifferent between purchasing:
A)OF court hours and OE court hours. 
B)OZ court hours and OB court hours. 
C)zero court hours and OF court hours. 
D)zero court hours and OE court hours.

The Following Figure Shows the Indifference Curves U1 and U2

The Following Figure Shows the Indifference Curves U₁ and U₂