In St. Catharines there are three restaurants, A, B and C with the attributes and prices...

  

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In St. Catharines there are three restaurants, A, B and C with the attributes and prices given below. Illustrate the efficiency(attribute) frontier. Which restaurant(s) will you as a consumer with $ 100 income select? Assume the restaurant meals are totally divisible and that you can attend more than one. Brand Attributes per meal Price # of meals Raning [Cuisine, Decor] per meal Art's (A) [5,1] $20.00 5 25C 5D Bob's (B) [2,2] $10.00 10 200 20D Cindy's (C) [1,7] $25.00 4 42 28D Cuisine 300 28 26 74 24 24 22 20 18 16 14 12 9) 0 246 8 10 12 14 16 18 20 22 24 Bal scall 26 1995 282,30 Decor In St. Catharines there are three restaurants, A, B and C with the attributes and prices given below. Illustrate the efficiency(attribute) frontier. Which restaurant(s) will you as a consumer with $ 100 income select? Assume the restaurant meals are totally divisible and that you can attend more than one. Brand Attributes per meal Price # of meals Raning [Cuisine, Decor] per meal Art's (A) [5,1] $20.00 5 25C 5D Bob's (B) [2,2] $10.00 10 200 20D Cindy's (C) [1,7] $25.00 4 42 28D Cuisine 300 28 26 74 24 24 22 20 18 16 14 12 9) 0 246 8 10 12 14 16 18 20 22 24 Bal scall 26 1995 282,30 Decor

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You would select Bobs B and Cindys C as a consumer with 100 income To illustrate the effici... View the full answer