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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)?

image text in transcribed
Y 30 cuisine A 28 26 24 B 22 20 18 16 14 12 10 6 C 2 2 4 6 10 12 14 16 18 20 22 24 26 28 30 X Decor Restaurant Attibutes per meal Price 7cuisine, 1 decor $12.50 2 cuisine, 2 decor $5.00 1 cuisine, 5 decor $10.00

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