rAe KpoMe rrpHBeAeHHbrx paHee o6osruaqeuartcroflFrHafl cocraBJrflror4arr r{3AepxieK Ha K3c;MbtKarou{tte 3aTpaTbr rra Ton,[HBO.
BseAs KosQ 0 nrr HeHr BbrrecHeHH
craHqner? Mou{rro cTH 3 a M e H reMbrx
3He jl rocllcrefvt bt o"-.NruulNrrr, noJIyr{HM:
A3r"., : 8"(i;c A//r:cot + r{* Mr. acaN _f A8r*3.on.
Perueulle 3aAaqH o6ocn-o^safii{s ycraHoBaeHirofi Morr{HocrH cBo-Arrcf K corocraBr'reHHro (23.9) H (23.10). IJ,eaecoo6pasHocrn no_BbrrileHHfl 6yaer orpaHHqHBarbc.r paBeHCrBoM 1Zb.Z7I-lpn paccMorpeHHH BapHaHToB ftse;'rHqeHHfl Mou{Hocrrr MoryT HMeTbI.leCTO Tp H pacqeTHbr.\ c.r'ryqafl.
l-ir c,ryuair. llplrpocr riorqrrocrri J,y1_.s ilpe.lcTaBi.rf er co6ofinorHorreHHyio BbrrecHfliou-yro i\.10urHocrb. B 3TOM Cflyqae otr) 1 nnplrpauleqrre , j^alpar iio f3c H 3arleHfleMoMy BapHaHry onpeAe-irFrorcrr no (23.8) H (23.10)_^ f ra Qop,vry,ru coorBercrByror ycrro-Brrfl.\r, KofAa BBOAHMafl Ha f3c rvrourHocib ocBaHBUUra": uHeproca-cre-uoii B roA ee BBOra. Ha [paKTHKe, KaK flOKa3aHO Ha pHc- 23.4,OCBOEHIIC OTCTAET OT BBOAA Ii NPOHCXOAHT NOCTEIICHHO NO MCPC PA3.BHTTIfl 3HCPfOCHCTEMbI. B HCI{O.TOPbIX C.{YqAfX, HANPHMCP TIPH CTPOH-TE.'IbCTBC KPYNtIbIX f3C N C116IIPA, SrOr NCPIIOA COCTABJ'IflCT AOI0 .leT- TarH,r'r o6paeorr, eur6op'y.rurioeJelrHofi Mou{Hocrrr foc
cBo-rrrcfl K OnpeAereHr'rrc 3K.HOMrrqec^r-r onp_aeAar{Horl /vis c y,{e-TOr\r cpo*OB OCBOeHHfl ee B SHepfocHcreivre. 
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pacqeTax ,io yqHTbr_Baercff yil{eHbueHHeM npHDauieHH.q 3aTpa.T no 3aMeHfleMoft uou{-Hocr't B (1+E-.") t pas,'r4e f".;- ;;;"t{, Q irq H e H r n p H B e A e-
p asHuri 0,08, a t - cpox, qepe3
r{errHe Mor.rlHocrn 6y4er rroJrHor{en-
x(aeT ToT Qarr, qro 3aMeHfleMafl
)My B Te CpoKH, KOrAa oHa Mox(eT
JieT rro3)Ke, qeM NIoIrIHocTb f,OC.
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Taxulr odpaaou,_ y_c.ToBrre onrr.rMa.,IbtocrH noBbr[re'Hf ycr?Hos-reHnoir Morquocln f3c MOX(HO 3anHCaTb raK:
( E * rcX,,nrc c + Iitr.) AA/p.6 : (6*trfl:c "t +Iflr. o,v; ArV,=s
-f ABr*3ron.
(23.1 l)
(l -F E".n)f
2-fi cnyuar'r. llpupocr
JIlrp)/touyrc (cesoHrryro)
soBana ria fOC ro"rbKo
440
Mou{r.{ocrrr /Vi:t npe.,l,crasJrrrer co6oft Ay6-iuoLuliocrb, Koropan MolKeT 6ltrr HcnoJib-
B roAur rr nepHoAbt noeuuertttotl Bo,lHocrH.
lli(sc - yAeJrbHaff lio-
Ston - yAe/IbHble 3a-
fl. rHApo3/Ie
3/IeKrpocTa
r(rpo-
HIIHft
(23.10)
flpn :ror\,{ Ha 3ro Bper.{n 6yler cHH;Karbcfl pa6ouaa ^,rori{Hocrs KOC,yil{eHbirIaTbcfi HX eutp a6orxa !I SKoHoerHTbct rolr'r HBo. llocno,rlxyAiVrec He 6y,qer BbrrecHflT'b -coo-rBercrByrou{yrc 3aMeH.fleMyro ruor_r{-HOCTb, ro AN..*-O H c,rN-0. Torla np"pauler''e 3arpaT no sa-MeHfleMoMy BapHaHry
A3. or, : ABr,<3ron : A3ron.
Taxau o6pasoM, Aoiro,rHHTe.,,rbrrL,re 3arparbr no fOC 6ynyt cono-craB,rlqrbcfl TOJIbKo c 3KoHoiuueil 3arpar H? ToII.,tHBo. VcnbeHe onrlr-Ma"rrbHocru (23.2) npHMer BHI
Ajr:c - A3ron.
Jannuey 3To Bbrpax(eHue 6onee nogpo6ilo
E,,tr,rtonrec L\';"q * uat 
" 
Ar\i;H : Dr,,ArVf :q lt3rsn,
fAe- br* -!AeIbHaf gKOHOMHf TOir.rrHBa Ha I XBr. .I AOIIO;TritiTe.rlb_Hoft errpa6orra 3HeprHH na foc; h- rorroBoe qficJro r{acoB Hcrro,rrb-3oBaHHt AOno.{HHTe,;-lbHofi rrOuluocrH f3C.
Pasre.'lnrl BCe q"ler{br ypaBHeHrrfl lia 
- 
a//p3c Ir peLUHM ero orr{o_csrelsHo ft:
E"rcsvonf3c +Zlec
6sx.3ron
(23.12)
(23.13)
(23. r 4)
rAe h:hr*-\tttftlr-\ra.TbHoe 3KoftoMI{qecKH onpaBAaHFIoe fo-roBoetlilc.lo tlaCoB IICnoJb3oBar{Hfl J,o[o"{Hlrre"turroir i,irarron;euHoir r\ro[I-rrocrr{ f3C.
llorryuenlloe 3HaqerrHe hr* cJ-reA),eT conocraBHTb c QaKTr.rrrecKtrBO3MOX{Hbr}{ riltcJloivt qacoB ItCnoJIb3oBaHHfl AOnO.lFrltTeJ.IbHOfI Ce3OH_IIOI? MOII{HOCTII ft"O'.'" NO,:iYqCIIHbIM B PC3YJIbTATC BOJ,H03HEPf CTIIqC-cKHX pacueron" B pe3y.:lbraTe 3Toro conocraB.reHlrr lloixer 6orrroi]peAe"'leHa TaKlKe H SKOHOMlrqecKH OnpaBAaHHafl ce3orrFrafl i\{ou-(-
rrocrb f3C trF5..
Ec"rH^ npHHrrb, rrro B nepno.d ncnoJIb3oBaHtrrr cegonuoir N{ottl-lrocrH f3c pa6oraer nprr Hl-lv, ro n" o.uioraHr{H Bo,r,rro3HeprerH-tlecKil.x pacqeToB-.MOX(HO OnpeAenHTb cpeAHHe iltou{rrocTr.r no BoAo_ToKy 3a raxAutfi pacueruurfi ilepHoI BpevreHH, BK;.rroezfl rrepHoAc6pocoe, H IrocrpoHTb KpHByro npoAortxgTe"rrbHocrH cpeAr{HX r\,roq_socreri (p"c. 23.0). Talr xe-npnBeAeHa KpHBafl npoAoJrlr(r{reJrbHocrH(o6ecne'reHnocrlr) nrrKoBbrx Mou{Hocrefi dn"*. To,{xa 1 cooreercrByeT
A/
i-l
PHc. 23.6. K onpeAe.ireHurc ce-
eouiloir Moulnocrlr rpynIbr fOC
441
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