1. inhk a Suppose that Cookie Monster 's prefer- ences are represented by u(C, l) = (l +6)C. Show that his preferences are strictly monotone. 2. it w Suppose that he is endowed with h = 42 units of time. With 1 on the horizontal axis and C on the vertical axis, sketch his budget constraints for the first and last row in table 1. Table 1. 3. * Write down his utility maximiza- tion problem and nd his optimal consumption bundle for each case represented in table 1. 4. * m Compute the maximized utility level he achieves for the rst two rows in table 1. 5. int Compute Cookie Monster's income, substitution and overall effects in item 3 when the wage rate changes from 1 to 4 and explain how to nd them. 6. ink Derive Cookie Monster's labor sup- ply when \"11' T = 24 and sketch it on a graph with N s on the horizontal axis and w on the verti- cal axis. For this question, a rough sketch will do. Pick a couple of easy points to work with such as w = , 1, 2, 3, 4 and connect the dots. MID-l