In a purely competitive market, the supplier of goods and services has no control over the market price, because he produces too little to influence market conditions. With no difference between his products and the products __1__ his competitors, he will sell nothing if he charges above the market price and he will sell all if he charges at or __2__ the market price. However, in considering the price, he must take cost of production __3__. There are times when he may be willing to sell below his cost. This might happen when prices tumble for __4__ a short time. However, no business person can __5__ lose money for a prolonged period. He must __6__ of his costs in relation to the market price if he is to compete successfully and earn a profit.
Many people have the impression that as production increases, costs per unit decrease. __7__ mass production has made this true in certain industries and at certain levels of production, __8__ logic and practical experience have shown that costs per unit begin to rise beyond a certain level of production. Some economists __9__ this principle as the law of increasing costs.
The reason __10__ rise as production goes up is complex. However, it is easy to recognize that as production goes up, the need for additional factors of production will also grow, resulting __11__ competitive bidding in the marketplace for the factors of production. If a producer needs __12__ skilled labor to produce more, and none of this labor is unemployed, the producer will have to get __13__ from other sources. This can be done by __14__ higher wages. Higher bidding would also apply to the other factors of production. We must also recognize that not all labor is equally productive, __15__ not all land is equally fertile and not all ore is equally rich in the mineral wanted.
1. A) to B) at C) of D) on
2. A) below B) beneath C) over D) above
3. A) to consider B) into consideration C) to consideration D) in consideration
4. A) he believes will be B) what he believes be C) what he believes will be D) he believes to be
5. A) afford to B) be affordable C) be afforded to D) have afforded
6. A) constantly aware B) constantly knowledgeable of C) be constantly aware of D) constantly aware of
7. A) Because B) Since C) When D) While
8. A) both B) as well as C) also D) but
9. A) refer B) refer to C) call D) are referred to
10. A) cost B) the cost C) the costs D) costs
11. A) from B) in C) D) for
12. A) less B) numerous C) more D) many
13. A) them B) these C) it D) those
14. A) offering B) cutting C) reducing D) having
15. A) as just B) just as C) because D) while
KEYS: CABCA CDABD BCCAB
外研版七上《Module 3 My new school》word期末复习题
外研版七上《Unit 1 The first English lesson》word单元检测题
外研版七上《Module 3 My new school》(Unit 3)word能力培养
外研版七上《Module 3 My new school》word模块评价检测
外研版七上《Starter Module 2 My classroom and my body》word测验卷
仁爱版七上《Topic 2 Where are you from》word同步测试
外研版七上《Unit 1 Would you like to go to the cinema》word能力培养
外研版七上《Unit 1 How many people are there in your family》word能力培养
外研版七上《Unit 1 There are 46 students in my class》word能力培养
外研版七上《Module 3 Colours,things and food》word单元练习检测
外研版七上《Unit 1 How do I write my homework on the computer》word能力培养
外研版七上《Module 4 My family》(Unit 3)word能力培养
外研版七上《Module 9 A trip to the zoo》word模块评价检测
外研版七上《Unit 1 Have you got any oranges》word能力培养
外研版七上《Modules 1—10》word检测题
外研版七上《Module 9 A trip to the zoo》word测试题1
外研版七上《Module 4 My family》word检测题
外研版七上《Module 8 Different habits》word达标测试
外研版七上《Unit 2 Is it an African elephant》word能力培养
外研版七上《Unit 1 The first English lesson》word能力培养
外研版七上《Module 9 A trip to the zoo》word同步升级演练
外研版七上《Unit 1 Does the tiger eat meat》word能力培养
仁爱版七上《Topic 2 Where are you from》word同步练习
外研版七上《Unit 2 I’ve got a small family》word能力培养
外研版七上《Starter Module 1 My teacher and my friends》word练习卷
外研版七上《Module 3 My new school》word综合检测题
外研版七上《Module 8 Different habits》word期末复习卷
外研版七上《Module 7 My school day》word达标测试
外研版七上《Module 9 A trip to the zoo》word测验题
外研版七上《Unit 2 Lessons start at nine o’clock》word能力培养