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Frances enjoys both beer and seltzer. Assume that the more is better principle holds for Frances, meaning that she would always prefer to consume more
Frances enjoys both beer and seltzer. Assume that the "more is better" principle holds for Frances, meaning that she would always prefer to consume more of either good, holding the level of consumption of the other good constant. The two figures below present information regarding Frances's preferences. The points on Figure 1 represent combinations of seltzer and beer that Frances might choose to consume. Figure 2 plots the same points as Figure 1, but it also shows some of Frances's indifference curves: I1 , I2 , and I3 . Thus, Figure 2 gives more insight into Frances's preferences than Figure 1
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