In St. Catharines there are three restaurants, Art's, Bob's and Carol's with the attributes and prices given below. Illustrate the efficiency (attribute) frontier. Which restaurant(s) will you as a consumer with $ 50 income select? Assume the restaurant meals are totally divisible and that you can attend more than one. Brand Attributes per meal Prices per (Cuisine, Decor) per meal Art's (A) [5,1] $10.00 Bob's [2.2] $5.00 Cat's (C) (1,7) $12.50 (B) Cuisine 30 28 26 24 22 20 18 16 14 12 10 8 6 4 2 0 10 14 16 26 28 300 Decor Selected restaurant(s) and Number of meals from each restaurant and If you could only select one restaurant which would it be? What would restaurant B have to lower its price to for you to select only it? Why? What percentage amount would restaurant B have to improve both their food and cuisine for you to select only it? English (United Kingdom In St. Catharines there are three restaurants, Art's, Bob's and Carol's with the attributes and prices given below. Illustrate the efficiency (attribute) frontier. Which restaurant(s) will you as a consumer with $ 50 income select? Assume the restaurant meals are totally divisible and that you can attend more than one. Brand Attributes per meal Prices per (Cuisine, Decor) per meal Art's (A) [5,1] $10.00 Bob's [2.2] $5.00 Cat's (C) (1,7) $12.50 (B) Cuisine 30 28 26 24 22 20 18 16 14 12 10 8 6 4 2 0 10 14 16 26 28 300 Decor Selected restaurant(s) and Number of meals from each restaurant and If you could only select one restaurant which would it be? What would restaurant B have to lower its price to for you to select only it? Why? What percentage amount would restaurant B have to improve both their food and cuisine for you to select only it? English (United Kingdom