Robinson Crusoe can spend8 hours per day gathering coconuts or catching fish. He can catch 3 fish per hour or he can pick 6 coconuts per hour. His utility function is U(F, C) = FC, where F is his consumption of fish and C is his consumption of coconuts.He maximizes utility. Assume the price of coconuts is $1. His income is ___________.

a.

50

b.

60

c.

48

d.

40

e.

24