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The local swimming pool charges nonmembers $1000 per visit If you join the pool, you can swim for $500 per visit but you have to

The local swimming pool charges nonmembers $1000 per visit If you join the pool, you can swim for $500 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 For simplicity, assume that the price of all other goods is $100 Suppose your indifference curves are illustrated in the figure to the right For simplicity, also assume the individual has income of $100 1) Using the line drawing

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