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 =F (K, No ) = K= (NO) with K = 16. The government spending is G = 1 and time allotted is h =4. Find the equilibrium in this econ- omy. Ans (C, I, N', NO, T, Y ) = (1, 3, 1, 1, 1, 2) and