Question 2: 4 Marks (1, 2, 1) [YOU CAN DRAW YOUR OWN DIAGRAM] Cookie Monster gets utility from consuming cookies which are made out of flour and sugar. Both inputs are measured in cups He cannot combine the two ingredients in very different quantities. The ratio of flour and sugar it uses must fall between 1:2 and 2:1. Otherwise the cookies will fall apart , and Cookie Monster will get no utility. He must discard any amounts of the two inputs that outside these ratios. Cookie Monster's utility from cookies that do not fall apart is: U(F, S) = FS Where F is the number of cups of flour and S the cups of sugar . (a) (1 mark ) In the diagram below, draw a red line through all combinations of flour and sugar that are in the ratio 1 to 2. Draw a blue line through combinations of flour and sugar that are in the ratio 2 to 1. (If you do not have colours, just label them "red" and "blue".) (b) (2 marks) How much utility does Cookie Monster get from the following bundles of flour and sugar: U (2, 12 ) = U (4, 10) = U (8, 4) = U (10 , 4) = (c) (1 mark ) Neatly draw an indifference curve between all combinations of flour and sugar that represents the preferences of Cookie Monster and gives him a utility of 32 12 10 Co 6 2 2 10 12