Assume that you are in the market for a luxury German car and that you have completed the following table. Model Power Price Top Speed Looks MBenz C300 265 HP $60,905 201 km/h Good Audi A4 272 HP $54,275 219 km/h Better BMW 320i 258 HP $47,645 254 km/h Best Decide which car to buy, based on a grid analysis. For each column, rate the cars as follows: · 3 = most desirable · 2 = in-between · 1 = least desirable The weightings for the columns are as follows: · Power (4) · Price (5) · Top Speed (2) · Looks (3) a) Provide the two completed spreadsheets in the space below. b) State your final decision.
Assume that you are in the market for a luxury German car and that you have completed the following table. Model Power Price Top Speed Looks MBenz C300 265 HP $60,905 201 km/h Good Audi A4 272 HP $54,275 219 km/h Better BMW 320i 258 HP $47,645 254 km/h Best Decide which car to buy, based on a grid analysis. For each column, rate the cars as follows: · 3 = most desirable · 2 = in-between · 1 = least desirable The weightings for the columns are as follows: · Power (4) · Price (5) · Top Speed (2) · Looks (3) a) Provide the two completed spreadsheets in the space below. b) State your final decision.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Assume that you are in the market for a luxury German car and that you have completed the following table.
Decide which car to buy, based on a grid analysis.
For each column, rate the cars as follows: · 3 = most desirable · 2 = in-between · 1 = least desirable
The weightings for the columns are as follows: · Power (4) · Price (5) · Top Speed (2) · Looks (3)
a) Provide the two completed spreadsheets in the space below. b) State your final decision.
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