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2. Cookie Monster has the following total value schedule for cookies (per day) TV 5 9.513.5 17 20 22.5 24.5 26 27 27.5 a. Find Cookie Monsters demand schedule for cookies. 25 45 4 3.5 3 5, d i5 1 0,5 Now let the supply of cookies be the following. 0.51 550 600 650 700 50 800 850 900 950 000 1.5 2 2.5 3.5 4 4.5 5 Qs b. If the cookie market is perfectly competitive and there are 100 buyers exactly like Cookie Monster, what is the equilibrium price and quantity? Is this efficient?
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567 91o 5 45 43 3 2.5 21.50.5 exac eluan 10u0 5SC 6o 65 Toc 2 600 15o 3 3.5 8 5o 3o0 4-5 Lou l uo Th

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