Question: A consumer is deciding between Car A and Car B. The consumer values price, fuel efficiency (miles per gallon), and safety rating (1 to 5
A consumer is deciding between Car A and Car B. The consumer values price, fuel efficiency (miles per gallon), and safety rating (1 to 5 stars). The consumer's utility function is represented as: U=w1Price+w2Fuel Efficiency+w3Safety.Rating where w1=0.5, w2=0.2 and w3=0.5 are the weights the consumer assigns to each attribute. Given that Car A has a price of $23881, fuel efficiency of 2626 mpg, and a safety rating of 55 stars, and Car B has a price of $22466, fuel efficiency of 2929 mpg, and a safety rating of 11 stars, which car should the consumer choose to maximize their utility? The consumer should choose . (Car A or Car B)
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