1. 43 Suppose that Cookie Monster can: (a) neither write or buy an IOU. (b) write but not buy an IOU. (c) buy but not write an IOU. With co on the horizontal axis and c on the vertical axis, shade in the set of affordable bundles in each case above.3. * * 4+8 Counter to item 2, provide one ex- ample where Cookie Monster will remain equally as well off whether he can write an IOU or not by drawing a couple of indifference curves on the du- plicate graph from item 1. Using your graph, ex- plain how his ability to write an IOU won't make him any better off in this case