A Graph of the Utility Function U = 4Y

question 28

Multiple Choice

A graph of the utility function U = 4Y + X would reveal that goods X and Y are:

• A) perfect substitutes.
• B) near substitutes.
• C) perfect complements.
• D) near complements.

---

Definitions:

RRSP

A Registered Retirement Savings Plan that allows Canadians to save for retirement on a tax-deferred basis.

RRSP

Registered Retirement Savings Plan, a retirement savings and investing vehicle for employees and the self-employed in Canada that offers tax benefits.

Ordinary Annuity

A series of equal payments made at regular intervals, with the interest compounding at the end of each period; commonly found in retirement accounts and loan repayments.

Ordinary Annuity

A financial product resulting in payments of a fixed amount received or paid at the end of period intervals.