Class Notes (903,392)
CA (537,982)
UTSC (32,632)
MGEC40H3 (31)
Lecture

ch.7 ECMC40

2 Pages
127 Views

Department
Economics for Management Studies
Course Code
MGEC40H3
Professor
Jack Parkinson

This preview shows half of the first page. Sign up to view the full 2 pages of the document.
&KDSWHU
&KDSWHU
&KDSWHU
&KDSWHU
 ±
±
±
±VWUDWHJLF
VWUDWHJLF
VWUDWHJLF
VWUDWHJLF FRPPLWPHQW
FRPPLWPHQW
FRPPLWPHQW
FRPPLWPHQW
6WUDWHJLF
6WUDWHJLF
6WUDWHJLF
6WUDWHJLF FRPPLWPHQW
FRPPLWPHQW
FRPPLWPHQW
FRPPLWPHQW GHFLVLRQV WKDWKDYH ORQJ WHUP LPSDFWVDQG DUHGLIILFXOW WR
UHYHUVH
WDFWLFDO
WDFWLFDO
WDFWLFDO
WDFWLFDO GHFLVLRQ
GHFLVLRQ
GHFLVLRQ
GHFLVLRQGHFLVLRQV WKDWDUH HDVLO\UHYHUVHGDQG ZKRVHLPSDFWSHUVLVWVRQO\LQWKH
VKRUWUXQ
:K\
:K\
:K\
:K\LV
LV
LV
LVFRPPLWPHQW
FRPPLWPHQW
FRPPLWPHQW
FRPPLWPHQWLPS
LPS
LPS
LPS
D FRPPLWPHQW E\ RQH ILUPZLOO QRW JHQHUDWHWKH GHVLUHGUHVSRQVHIURP LWVFRPSHWLWRUV
XQOHVV VLW KDVFKDUDFWHULVWLFV
 LW PXVWEH YLVLEOH
 XQGHUVWDQGDEOH
 FUHGLEOH
VWUDWHJLF FRPSOHPHQWVDQG VWUDWHJLFVXEVWLWXWHVDUH FRQFHSWVWKDWFDSWXUHKRZ
FRPSHWLWRUVUHDFWZKHQRQH FRPSHWLWLRQ FKDQJHVDWDFWLFDOYDULDEOHVXFKDV3RU 4
WRXJKFRPPLWPHQW VDQG VRIWFRPPLWPHQWVDUH FRQFHSWVWKDWFDSWXUHZKHWKHUD
FRPPLWPHQW E\ RQH ILUPSODFHVLWVULYDOVDWDGLVDGYDQWDJHV
6WUDWHJLF
6WUDWHJLF
6WUDWHJLF
6WUDWHJLF FRPSOHPHQWV
FRPSOHPHQWV
FRPSOHPHQWV
FRPSOHPHQWVDQG
DQG
DQG
DQGVWUDWHJLF
VWUDWHJLF
VWUDWHJLF
VWUDWHJLFVXEVWLWXWHV
VXEVWLWXWHV
VXEVWLWXWHV
VXEVWLWXWHV
6WUDWHJLF
6WUDWHJLF
6WUDWHJLF
6WUDWHJLF FRPSOHPHQWV
FRPSOHPHQWV
FRPSOHPHQWV
FRPSOHPHQWVLI)RUGORZHUV3+RQGD IROORZV
WKH PRUHRI DQDFWLRQ RI ILUPFKRRVHVWKH PRUHRI DQDFWLRQ WKH RWKHU ILUPZLOO
RSWLPDOO\FKRRVH
VWUDWHJLF
VWUDWHJLF
VWUDWHJLF
VWUDWHJLFVXEVWLWXWHV
VXEVWLWXWHV
VXEVWLWXWHV
VXEVWLWXWHVLI)RUGLQFUHDVHV43JRHVGRZQ +RQGD GHFUHDVHV4
WKH PRUHRI WKH DFWLRQ RQH ILUP WDNHVWKOHVV RI WKH DFWLRQ WKH RWKHU ILUPRSWLPDOO\
FKRRVHV
ZKHQUHDFWLRQ IXQFWLRQV DUHXSZDUGVORSLQJ WKH ILUPVDFWLRQ DUHVWUDWHJLF FRPSOHPHQWV
 µ´ ´ GRZQZDUG³ ³ VWUDWHJLFVXEVWLWXWHV
&RPPLWPHQWVKDYH DGLUHFWDIIHFW WKH 39RI WKH ILUPVSURILWV
«6WUDWHJLF HIIHFW WDNHVLQWRDFFRXQW WKH FRPSHWLWLYH VLGH HIIHFWVRI WKH FRPPLWPHQW
7RXJK
7RXJK
7RXJK
7RXJK YV
YV
YV
YV VRIW
VRIW
VRIW
VRIWFRPPLWPHQWV
FRPPLWPHQWV
FRPPLWPHQWV
FRPPLWPHQWV
WRXJKFRPPLWPHQW LVEDGIRU FRPSHWLWRUVDQG VRIW LVJRRG
LQFRXUQRWLIDILUP PDNHVDWRXJKFRPPLWPHQWWKHQ QR PDWWHUZKDW4LWVFRPSHWLWRUV
SURGXFHLWOO DOZD\VSURGXFHPRUH DQG DVRIWZLOO OHDGLW WRSURGXFHOHVV WKDQLW ZRXOG
KDYH
LQEHWUDQG 3ZLOO DOZD\VEH ORZHUWKDQFRPSHWLWRUVDQG VRIWZLOO EH KLJKHU
*UDSK
*UDSK
*UDSK
*UDSK SJ
SJ
SJ
SJ


 ±
±
±
±



)OH[LELOLW\
)OH[LELOLW\
)OH[LELOLW\
)OH[LELOLW\DQG
DQG
DQG
DQGUHDO
UHDO
UHDO
UHDO RSWLRQV
RSWLRQV
RSWLRQV
RSWLRQV
WKH VWUDWHJLF HIIHFWRI D FRPPLWPHQW LVSRVLWLYH ZKHQWKH FRPPLWPHQW DOWHUVFRPSHWLWRUV
EHKDYLRXU LQZD\VWKDWDUH DGYDQWDJHRXV WRWKH ILUP PDNLQJ WKH FRPPLWPHQW
WKHVHEHQHILFLDOVWUDWHJLF HIIHFWVDUHRIWHQURRWHGLQLQIOH[LELOLW\
www.notesolution.com

Loved by over 2.2 million students

Over 90% improved by at least one letter grade.

Leah — University of Toronto

OneClass has been such a huge help in my studies at UofT especially since I am a transfer student. OneClass is the study buddy I never had before and definitely gives me the extra push to get from a B to an A!

Leah — University of Toronto
Saarim — University of Michigan

Balancing social life With academics can be difficult, that is why I'm so glad that OneClass is out there where I can find the top notes for all of my classes. Now I can be the all-star student I want to be.

Saarim — University of Michigan
Jenna — University of Wisconsin

As a college student living on a college budget, I love how easy it is to earn gift cards just by submitting my notes.

Jenna — University of Wisconsin
Anne — University of California

OneClass has allowed me to catch up with my most difficult course! #lifesaver

Anne — University of California
Description
KK,5907 897,90JL. .4222L920039 $97,90JL. .4222L920039 /0.L8L438 9K,9 K,;0 O43J 9072 L25,.98 ,3/ ,70 /L11L.:O9 94 70;0780 9,.9.,,O/0.L8433 /0.L8L438 9K,9 ,70 0,8LO\ 70;0780/ ,3/ ZK480 L25,.9 5078L898 43O\ L3 9K0 8K479 7:3 :KK\\ 8 .4222L920039 255 , .422L92039 -\ 430 1L72 ZLOO 349 J0307,90 9K0 /08L70/ 70854380 1742 L98 .42509L9478 :3O088 8L9 K,8 .K,7,.907L89L.8 L9 2:89 -0 ;L8L-O0 :3/0789,3/,-O0 .70/L-O0 897,90JL. .425O020398 ,3/ 897,90JL. 8:-89L9:908 ,70 .43.0598 9K,9 .,59:70 K4Z .42509L9478 70,.9 ZK03 430 .42509L9L43 .K,3J08 , 9,.9L.,O ;,7L,-O0 8:.K ,8 ! 47 " 94:JK .422L92039 8 ,3/ 8419 .422L920398 ,70 .43.0598 9K,9 .,59:70 ZK09K07 , .422L92039 -\ 430 1L72 5O,.08 L98 7L;,O8 ,9 , /L8,/;,39,J08 $97,90JL. .425O020398 ,3/ 897,90JL. 8:-89L9:908 $97,90JL. .425O020398,3,3/ 8897,90JL.8:-89L9:9088 $97,90JL. .425O020398 L1 47/ O4Z078 ! +43/, 14OO4Z8 9K0 2470 41 ,3 ,.9L43 41 1L72 .K44808 9K0 2470 41 ,3 ,.9L43 9K0 49K07 1L72 ZLOO 459L2,OO\ .K4480 897,90JL. 8:-89L9:908 L1 47/ L3.70,808 " ! J408 /4Z3 +43/, /0.70,808 " 9K0 2470 41 9K0 ,.9L43 430 1L72 9,N08 9K O088 41 9K0 ,.9L43 9K0 49K07 1L72 459L2,OO\ .K44808 ZK03 70,.9L43 1:3.9L438 ,70 :5Z,7/ 8O45L3J 9K0 1L728 ,.9L43 ,70 897,90JL. .425O020398 /4Z3Z,7/ 897,90JL. 8:-89L9:908 422L920398 K,;0 , /L70.9 ,110.9 9K0 !' 41 9K0 1L728 5741L98 $97,90JL. 0110.9 9,N08 L394 ,..4:39 9K0 .42509L9L;0 8L/0 0110.98 41 9K0 .422L92039 %4::JK ;8 4119.4222LL2003988 94:JK .422L92039 L8 -,/ 147 .42509L9478 ,3/ 8419 L8 J44/ L3 .4:7349 L1 , 1L72 2,N08 , 94:JK .422L92039 9K03 34 2,9907 ZK,9 " L98 .42509L9478 574/:.0 L9OO ,OZ,\8 574/:.0 2470 ,3/ , 8419 ZLOO O0,/ L9 94 574/:.0 O088 9K,3 L9 Z4:O/ K,;0 L3 -097,3/ ! ZLOO ,OZ,\8 -0 O4Z07 9K,3 .42509L9478 ,3/ 8419 ZLOO -0 KLJK07 *77,5K 5JJ O0[L-LL9\ ,3/ 70,OO45943388 9K0 897,90JL. 0110.9 41 , .422L92039 L8 548L9L;0 ZK03 9K0 .422L92039 ,O9078 .42509L9478 -0K,;L4:7 L3 Z,\8 9K,9 ,70 ,/;,39,J04:8 94 9K0 1L72 2,NL3J 9K0 .422L92039 9K080 -0301L.L,O 897,90JL. 0110.98 ,70 41903 74490/ L3 L31O0[L-LOL9\ www.notesolution.com 897,90JL. .422L920398 ,70 ,O2489 ,OZ,\8 2,/0 :3/07 .43/L9L438 41 :3.079,L39\ ,-4:9 2,7N09 .43/L9L438 .4898 47 .42509L9478 J4,O8 ,3/ 7084:7.08 94 570807;0 L98 1O0[L-LOL9\ ZK03 2,NL3J , 897,90JL. .422L92039 , 1L72 .,3 24/L1\ 9K0 .422L92039 ,8 1:9:70 .43/L9L438 .K,3J0 , 1L72 .,3 .K4480 94 /0O,\ 2,NL3J , .422L92039 94 8420 1:9:70 539 L3 9L20 :39LO L9 K,8 , -09907 L/0, 41 K4Z 5741L9,-O0 L9 L8 OLN0O\ 94 -0 , 1L72 2,\ /0.L/0 94 :3/079,N0 , :35741L9,-O0 .422L92039 94/,\ 94 570807;0 9K0 459L43 94 80OO ,3 L2574;0/ ;078L43 41 9K0 8419Z,70 O,907 1O0[L-LOL9\ JL;08 7L80 94 70,O 459L438 70,O 459L438 0[L89 ZK03 , /0.L8L43 2,N07 K,8 9K0 455479:3L9\ 94 9,LO47 , /0.L8L43 94 L31472 9K,9 ZLOO -0 70.0L;0/ L3 9K0 1:9:70 1L728 .,3 .70,90 70,O 459L43 -\ ,O907L3J 9K0 Z,\ L3 ZKL.K 9K0\ .421L9:70 9K0L7 L39073,O 574.08808 70,O 459L438 /439 .420 147 1700 9K0\ 9\5L.,OO\ L3;4O;0 97,/04118 33,O\]L3JJ.42222LL2003398 548L9L43L3J ,3,,O\88L8 /09072L30 9K0 /L70.9 0110.98 41 9K0 .422L92039 8:89,L3,-LOL9\,3,O\8L88 /09072L30 9K0 897,90JL. 0110.98 41 9K0 .422L92039 1O0[L-LOL9\ ,3,O\8L8 L3.47547,908 :3.079,L39\ L394 548L9L43L3J ,3/ 8:89,L3,-LOL9\ ,3,O\8L8 O0,73 94 -:73 7,9L4 9K0 O0,73 7,90 L8 9K0 7,90 ,9 ZKL.K 1L728 70.0L;08 30Z L3
More Less
Unlock Document


Only half of the first page are available for preview. Some parts have been intentionally blurred.

Unlock Document
You're Reading a Preview

Unlock to view full version

Unlock Document

Log In


OR

Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit