Suppose an individual has a utility function U = C+3L, where C is the consumption level and L is the leisure hours. Suppose the individual has 100 hours in total for work and leisure and $10 non-labor income. The wage rate is $3.14. Which feasible consumption level maximizes the individual’s utility?
(a) 0 (b) 1.8
(c) 9.42
(d) 10 (e) 31.4 (f) 96.86 (g) 100
(h) 131.4 (i) 314 (j) 324
(k) 414