Добавил:
Upload Опубликованный материал нарушает ваши авторские права? Сообщите нам.
Вуз: Предмет: Файл:
Скачиваний:
70
Добавлен:
10.02.2015
Размер:
15.28 Кб
Скачать
яю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« ?@>20;»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« 5:>@4». >6C 8 ?>4;560I85 B:0=8 ?@>:0;K20NB ?0@0;;5;L=> A038B0;L=>9 ?;>A:>AB8 (A25@EC 2=87) 8 ?@>42830NB 83;C 2 MB>< 65 =0?@02;5=88 4> 8AG57=>25=8O A>?@>B82;5=8O B:0=59. 'B>1K =5 ?>2@548BL <56@515@=K9 =5@2=>-A>AC48ABK9 ?CG>:, 83;C 2:0;K20NB 1;865 : ?5@54=5<C :@0N 10-3> @51@0. >A;5 ?@>:>;0 ?0@85B0;L=>9 ?;52@K ?>O2;O5BAO HC< 2A0AK20NI53>AO 2>74CE0, B0: :0: 402;5=85 2 ?;52@0;L=>9 ?>;>AB8 >B@8F0B5;L=>5.  83;5 ?@8A>548=ONB H?@8F A 3>B>2K< @0AB2>@><, :>B>@K9 22>4OB ;53:8< 8 ?;02=K< =0402;820=85< =0 ?>@H5=L. @8 ?@028;L=>< 22545=88 ?@5?0@0B0 2 :0=N;5 83;K @0AB2>@ =5 45@68BAO, >= A@07C 65 CE>48B 2 3@C4=CN ?>;>ABL. A;8 :>=5F 83;K =0E>48BAO 2 B>;I5 3@C4=>9 AB5=:8, B> @0AB2>@ 45@68BAO 2 ?@>A25B5 :0=N;8, 0 5A;8 2 ;53>G=>9 B:0=8  <54;5==> 2A0ALB205BAO. #15 482H8AL 2 ?@028;L=>AB8 ?>;>65=8O 83;K, 22>4OB 25AL >1J5< ?@5?0@0B0, 0 ?>A;5 8=J5:F88 83;C 2K=8<0NB 2<5AB5 A> H?@8F5<, GB> 1K ?@54>B2@0B8BL 70A0AK20=85 2>74CE0 2 3@C4=CN ?>;>ABL. @8 =5>1E>48<>AB8 @0AB2>@ =>2>:08=0 <>6=> 22>48BL 2<5AB5 A 0=B818>B8:><. 4;O 22545=8O 2 ?;52@0;L=CN ?>;>ABL ACB>G=CN 4>7C 0=B818>B8:0 @0AB2>@ONB 2 B5?;>< 0,5%-=>< @0AB2>@5 =>2>:08=0, ?@83>B>2;5==>< =0 D878>;>38G5A:>< @0AB2>@5, >1J5< :>B>@>3> 4;O 1;>:04K >?@545;ONB 87 @0AG5B0 0,3...0,5 <; =0 1 :3 <0AAK B5;0 682>B=>3> A :064>9 AB>@>=K, =0?@8<5@ 4;O B5;5=:0 <0AA>9 50 :3  ?> 20 <; A :064>9 AB>@>=K. 0 2B>@>9 45=L 1;>:04C ?>2B>@ONB, =0 ?@8<5@ A ?@02>9 AB>@>=K, 0 =0 B@5B89  A ;52>9 8 B. 4. 4> 2K74>@>2;5=8O 682>B=>3>. @8 =5>1E>48<>AB8 2K?>;=5=8O 1;>:04K =5A:>;L:8< 682>B=K< ?@8<5=ONB A8AB5<K 4;O 2=CB@825==KE 8=J5:F89 8;8 H?@8F 0=M, :>B>@K5 ?>72>;ONB >4=>2@5<5==> ?@83>B>28BL 22>48<K9 ?@5?0@0B 2 =5>1E>48<>< >1J5<5.