2.5 The local swimming pool charges nonmembers $10 per visit. If you join the pool, you can swim for $5 per visit, but you have to pay an annual fee of F.

Use an indifference curve diagram to find the value of F such that you are indifferent between joining and not joining. Suppose that the pool charged you exactly F. Would you go to the pool more or Exeriises

 = exeriise is available oo MyEconLab; * = aoswer appears at the baik of this book; M = mathematiial problem.

192 fewer times than if you did not join? For simplicity, assume that the price of all other goods is $1.

3. Market Consumer Surplus