5.21 Competitive Equilibrium Suppose that Cookie Monster's preferences are represented by u(C, 1) = log(C + 1) +1 and his production function is given by zF (K, NO ) = K4 (Nd) with K = 16. The government spending is G = 1 and time allotted is h = 4. Find the equilibrium in this economy. Ans (C, NS, NO, T, Y) = (1, 1, 1, 1, 2) and W=