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In St. Catharines there are three restaurants, A, B and C with the cuisine and decor attributes and prices given in Figure 4. Assume the
In St. Catharines there are three restaurants, A, B and C with the cuisine and decor attributes and prices given in Figure 4. Assume the consumer has $50 in income. Assume the restaurant meals are totally divisible.
The restauarant(s) the consumer would select is?
The number of meals from the restaurant(s) selected would be, respectively?
For the non-selected restaurant(s), how would they get consumers to switch to their restaurant(s)?
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