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ONLY QUESTION 3 AS MUCH AS YOU CAN PLEASE 1. **'k n Suppose that Cookie Monster 's prefer- ences are represented by u[C, I) =(1

ONLY QUESTION 3 AS MUCH AS YOU CAN PLEASE

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1. **'k n Suppose that Cookie Monster 's prefer- ences are represented by u[C, I) =(1 + 6)C. Show that his preferences are strictly monotone. 2- 'k m Suppose that he is endowed with h = 42 units of time. With E 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. 'k Write down his utility maximiza- tion problem and nd his optimal consumption bundle for each case represented in table 1

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