A consumer's total utility is maximized when the total utility per dollar from all goods is equalized

If potatoes are inferior goods, which of the following will increase the demand for these goods?

a. Increase in the price of a complement b. Decrease in income c. Decrease in the price of a substitute d. Increase in income

The primary objective of a for-profit firm is to ___________

a. maximize agency costs b. minimize average cost c. maximize total revenue d. set output where total revenue equals total cost e. maximize shareholder value