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3. * * 2+4x3 Write down his utility maximiza- tion problem and find his optimal consumption bundle for each case represented in table 2. -T w 24 -128 24 1 4 4 Table 2. 4. * * 3x2 Compute the maximized utility level he achieves for the first two rows in table 2. 5. ** 12 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 find them. 6. * 6+4 Derive Cookie Monster's labor sup- ply when it - T = 24 and sketch it on a graph with Ns 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, 3, 6 or 12 and connect the dots. 7. *** 12 Explain in words why the supply curve in item 6 is upward sloping. 3. * * 2+4x3 Write down his utility maximiza- tion problem and find his optimal consumption bundle for each case represented in table 2. -T w 24 -128 24 1 4 4 Table 2. 4. * * 3x2 Compute the maximized utility level he achieves for the first two rows in table 2. 5. ** 12 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 find them. 6. * 6+4 Derive Cookie Monster's labor sup- ply when it - T = 24 and sketch it on a graph with Ns 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, 3, 6 or 12 and connect the dots. 7. *** 12 Explain in words why the supply curve in item 6 is upward sloping