Use the Following Figure to Answer the Question : Figure

question 42

Multiple Choice

Use the following figure to answer the question : Figure 12-3 : shows the indifference curves U₁ and U₂ 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.

-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.

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Definitions:

Ordovician

A geologic period and system of the Paleozoic Era, following the Cambrian and preceding the Silurian, marked by significant diversification of life.

Natural Selection

The process by which organisms better adapted to their environment tend to survive and produce more offspring.

Triassic

A geological period that occurred approximately 252 to 201 million years ago, marking the beginning of the Mesozoic Era.

Cretaceous

The last period of the Mesozoic Era, marked by significant geological events and the extinction of dinosaurs.