An economist uses calculus to solve a consumer's utility maximization problem between two goods. The standard mathematical condition for an interior optimum (where the slope of the indifference curve equals the slope of the budget line) yields a result where the required consumption of one of the goods is negative, which is not possible. What does this mathematical result imply about the graphical representation of the consumer's actual optimal choice?
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An economist uses calculus to solve a consumer's utility maximization problem between two goods. The standard mathematical condition for an interior optimum (where the slope of the indifference curve equals the slope of the budget line) yields a result where the required consumption of one of the goods is negative, which is not possible. What does this mathematical result imply about the graphical representation of the consumer's actual optimal choice?