File:Utility maximising bundle when demand is negative.png

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Original file (926 × 652 pixels, file size: 34 KB, MIME type: image/png)

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Captions

This represents where the utility maximising bundle is when the demand for one good is negative

Summary

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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/TimeThumbnailDimensionsUserComment
current11:00, 25 April 2021Thumbnail for version as of 11:00, 25 April 2021926 × 652 (34 KB)Cromwellecon (talk | contribs)Uploaded own work with UploadWizard

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