Solve all this question......you will not solve all questions then I will give you down?? upvote..... Given:Assume a consumer is attempting to maximize utility subject to the budget constraint by choosing units ofconsumption between two goods: good 1 and good 2. Utility maximizing choices are provided in the followingtable for a baseline scenario and new scenario.ItemPrice of Good 1Price of Good 2IncomeUnits Consumed, Good 1Units Consumed, Good 2UtilityUsing the table, what happened to consumer well-being?BaselineO Utility increased by 266.67 utils.The consumer was made better-off as a result of the new event.2.52.52000400400800O Utility decreased by 266.67 utils.O Cannot be determined.The consumer was made worse-off as a result of the new event.New52.52000266.67266.67533.33 Given:Assume a consumer is attempting to maximize utility subject to the budget constraint by choosing units ofconsumption between two goods: good 1 and good 2. Utility maximizing choices are provided in the followingtable for a baseline scenario and new scenario.ItemPrice of Good 1Price of Good 2IncomeUnits Consumed, Good 1Units Consumed, Good 2UtilityUsing the table, how are goods 1 and 2 relatedGoods 1 and 2 are substitutes.Goods 1 and 2 are complements.Goods 1 and 2 are inferior.BaselineO Goods 1 and 2 are unrelated.2.52.52000400400800New52.52000266.67266.67533.33

The pleasure or well-being a customer experiences as a result of using products and services is…

Given: Assume a consumer is attempting to maximize utility subject to the budget constraint by choosing units of consumption between two goods: good 1 and good 2. Utility maximizing choices are provided in the following table for a baseline scenario and new scenario. Item Price of Good 1 Price of Good 2 Income Units Consumed, Good 1 Units Consumed, Good 2 Utility Baseline 2.5 2.5 2000 400 400 800 New 5 2.5 2000 266.67 266.67 533.33