1. * 4x3 Suppose that Cookie Monster can: 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.2. 4+8 Provide one example where Cookie Monster is better off when he can write an IOU by drawing a couple of indifference curves on the graph in item 1. Using your graph, explain how he becomes better off when he can issue an IOU