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
人教版高中英语必修一Unit 1《Friendship》辅导讲义 课后练习(6份)
2013人教版必修一Unit2《English around the world》(the 4th period)word教案
人教版高中英语必修一Unit 5《Nelson Mandela-a modern hero》辅导讲义 课后练习(4份)
人教版高中英语必修一Unit 4《Earthquakes》(第5课时)word教案
人教版高中英语必修一Unit 5《Nelson Mandela-a Modern Hero》(第4课时)word教案
人教版高中英语必修一Unit 1《Friendship》word教案
人教版高中英语选修8 Unit 4《Pygmalion》(period ⅳ)ppt课件
人教版高中英语必修1 Unit 1-5单元教学案word版全集(5份打包)
人教版高中英语必修一Unit 2《English around the world》(第5课时)word教案
人教版高中英语必修1全册教案word版打包下载62页
人教版高中英语必修一Unit 4《Earthquakes》辅导讲义 课后练习(4份)
2013人教版必修一Unit2《English around the world》(the 2nd period)word教案
人教版高中英语必修一Unit 2《English around the world》(第4课时)word教案
人教版高中英语必修一Unit 2《English around the world》(第3课时)word教案
人教版高中英语选修8 Unit 4《Pygmalion》(period ⅲ)ppt课件
2013人教版必修一Unit2《English around the world》(the 1st period)word教案
人教版高中英语必修一Unit 3《Travel Journal》(第4课时)word教案
2013人教版必修一unit 1《friendship》(using language)word教案
人教版高中英语选修8 Unit 4《Pygmalion》(period ⅰ)ppt课件
人教版高中英语必修一Unit 3《Travel Journal》(第1课时)word教案
人教版高中英语必修一Unit 3《Travel Journal》(第3课时)word教案
2013人教版必修一unit 1《friendship》(warming up and speaking)word教案
人教版高中英语必修一Unit 2《English around the world》(第2课时)word教案
人教版高中英语必修一Unit 4《Earthquakes》(第4课时)word教案
人教版高中英语必修一Unit 4《Earthquakes》(第2课时)word教案
2013人教版必修一Unit2《English around the world》(the 3rd period)word教案
2013人教版必修一unit 1《friendship》(grammar)word教案
2013人教版必修一Unit 3《Travel journal》word教案
人教版高中英语必修一Unit 5《Nelson Mandela-a Modern Hero》(第2课时)word教案
2013人教版必修一unit 1《friendship》(important language points)word教案