Class Notes (1,100,000)
CA (630,000)
UTSC (30,000)
Lecture

ch.3 for ECMC40

by OC4

Department
Economics for Management Studies
Course Code
MGEC40H3
Professor
Jack Parkinson

This preview shows half of the first page. to view the full 2 pages of the document.
Z
Z
Z
Zï
ï
ï
ï
roÇ]vZÀ]oZ]v]µu
ro}Ávu
Dl
Dl
Dl
Dl}
}
}
}µÇ
µÇ
µÇ
µÇ(oo]
(oo]
(oo]
(oo]
Píìõ
Z^KE^
Z^KE^
Z^KE^
Z^KE^dK
dK
dK
dKhz
hz
hz
hz
í
í
í
íÆo}]]vP
Æo}]]vP
Æo}]]vP
Æo}]]vPo
o
o
ov
v
v
v ov]vP
ov]vP
ov]vP
ov]vP}v}u]
}v}u]
}v}u]
}v}u]
rul(]uu]PZ} ]v(} }v Zv }µo}Á}
rul(}uvÇ(]uU}}v}u]}(o
rov]vP}v}u]
î
î
î
îo]u]v
o]u]v
o]u]v
o]u]vµµÇ
µµÇ
µµÇ
µµÇ((W
((W
((W
((WÀ}]]vP
À}]]vP
À}]]vP
À}]]vPPvÇ
PvÇ
PvÇ
PvÇv
v
v
v ]v(oµv
]v(oµv
]v(oµv
]v(oµv}
}
}
}
]PvÇ
]PvÇ
]PvÇ
]PvÇ}W
}W
}W
}W
}}]Á]Zol((}v Zu]v]]À}v}o}]
]]
]]
]]
]]/v(oµv
/v(oµv
/v(oµv
/v(oµv}
}
}
}W
uvP]v ](( uvÇ}o}Ç(}(µv]vPUv Z}}]Á]Zo}Ç]vPX
o}]voµZ}}(P]À]vPZ(µv]vP}ZÁ}vPuv
Z^KE^
Z^KE^
Z^KE^
Z^KE^dK
dK
dK
dKD<
D<
D<
D<
í
í
í
ídZ
dZ
dZ
dZ }v}u]
}v}u]
}v}u]
}v}u](}µv]}v
(}µv]}v
(}µv]}v
(}µv]}v}(
}(
}(
}(}v
}v
}v
}v
r((]Àv v}ví}uov }(}vîZÀ]oo}Ç}(}voÁ
}uo
}uo
}uo
}uoÀX
ÀX
ÀX
ÀX]v}uo
]v}uo
]v}uo
]v}uo}v]vP
}v]vP
}v]vP
}v]vP
r}uo}vo]u]v}}µv]]ZÀ]}µ
ï
ï
ï
ï(}
(}
(}
(}Àv
Àv
Àv
Àv}uo
}uo
}uo
}uo}v]vP
}v]vP
}v]vP
}v]vP
]
]
]
]}µv
}µv
}µv
}µv]}vo]Ç
]}vo]Ç
]}vo]Ç
]}vo]Ç
rZo]u]}vZ]Ç}(]v]À]µo}} ]v(}UoÁ]Z}uoÆ]ÇUv µµ]}vo]u
]]
]]
]]
]]]((]µo]
]((]µo]
]((]µo]
]((]µo] ](Ç]vP
](Ç]vP
](Ç]vP
](Ç]vP}
}
}
}uµ]vP
uµ]vP
uµ]vP
uµ]vP (}uv
(}uv
(}uv
(}uv
rÁZv (}uv]}uoÆU][Z}oo }µÀÇ}v[]PZv }v]]o]]
]]]
]]]
]]]
]]]Çuu]
Çuu]
Çuu]
Çuu]]v(}
]v(}
]v(}
]v(}
r}v[ZÀ µo }oo }voÀv]v(}
î
î
î
îolP
olP
olP
olP}(
}(
}(
}(]À
]À
]À
]À]v(}u]}v
]v(}u]}v
]v(}u]}v
]v(}u]}v
ï
ï
ï
ïv]}v
v]}v
v]}v
v]}v}
}
}
}
o]}vZ]
o]}vZ]
o]}vZ]
o]}vZ]](]
](]
](]
](]


]
]
]
]v
v
v
v]vÀuv
]vÀuv
]vÀuv
]vÀuvu
u
u
u}
}
}
}µ}
µ}
µ}
µ}
P]Àv
P]Àv
P]Àv
P]Àvv]}v
v]}v
v]}v
v]}v
&
&
&
&}u
}u
}u
}u}(
}(
}(
}(


](]]Ç
](]]Ç
](]]Ç
](]]Ç
]
]
]
]]
]
]
]](]]Ç
](]]Ç
](]]Ç
](]]Ç
ro}]Ç]}}v}u]Ì}vv}]}v}]vÀv}Ç}}}lÀvP}(}]vP
((]]v]
]]
]]
]]
]]ZÇ]o
ZÇ]o
ZÇ]o
ZÇ]o


](]]Ç
](]]Ç
](]]Ç
](]]Ç
rÁZ}ZÇ]o}vP]v}]](]ooÇ]o}}]µov]}v~}Z]]µ}u
(}uÁ]Z]vPµo]
]]]
]]]
]]]
]]]]
]
]
] 



rv]vÀuv]v ovv µ]uvu}](Ç]µoµÇ
]À
]À
]À
]Àuv
uv
uv
uv


](]]Ç
](]]Ç
](]]Ç
](]]Ç
r]vÁZ]ZÁ}lZµ]l]ooUlv}ÁZ}ÁUv ]v(}Zu}Àoµo]v]]µo o]}vZ]
Zv}µ]]
www.notesolution.com
You're Reading a Preview

Unlock to view full version