File:Utility maximising bundle when demand is negative.png
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Summary
| Description |
English: Point A is the utility maximising bundle given using utility maximisation, however, it is outside the domain so cannot exist in reality (you cannot have negative amounts of one commodity). Therefore, the utility maximising bundle occurs at the corner solution on the y axis at point B. At point B the consumer is spending all their income on good y and none on good x. |
| Date | |
| Source | Own work |
| Author | Cromwellecon |
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| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 11:00, 25 April 2021 | | 926 × 652 (34 KB) | Cromwellecon | Uploaded own work with UploadWizard |
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