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
迪士尼还将把哪些经典动画翻拍成真人电影
父母老去之前,我该做点什么?
英大学申请人数大幅下降 多所名牌高校或降线招生
国内英语资讯:China Eastern denies insulting Indian at Shanghai airport
国内英语资讯:Hong Kong enhances checks on eggs from Europe
HBO向黑客妥协,愿意支付25万“漏洞发现金”
体坛英语资讯:Madrid coach Zidane confirms new contract
国内英语资讯:Xi extends condolences to Egypts Sisi over deadly train collision
国内英语资讯:Chinese top legislator meets Croatian parliament speaker
英国王室不能吃的食物,竟然是大天朝的小龙虾?
英国王室着装守则大揭秘
国内英语资讯:Xi Focus: Xi hosts banquet for guests attending intl import expo
BBC资讯直播有“亮点” 工作人员幕后看色情片
比伯追女孩遭拒!巨星的魅力并非不可阻挡
体坛英语资讯:Murray out, Barty & Osaka through to China Open semifinals
体坛英语资讯:LA City Council approves contracts with IOC to host 2028 Olympics
体坛英语资讯:Qatar wins first gold, American Muhammad sets 400m hurdles WR in Doha
国内英语资讯:Xi urges restraint on Korean nuclear issue in phone talk with Trump
营养师告诉你睡前为何不该喝水
小李子将主演达芬奇传记电影
拒绝尬聊!歪果仁常用的口语表达(1)
国内英语资讯:Chinese premier calls for joint efforts to keep East Asian cooperation on right track
每天都穿同一双鞋有什么坏处?
国内英语资讯:China Focus: China fights for final victory over poverty
日本酒馆生意经:可爱的猴子当服务员,香蕉变工资
数据显示 我国一线城市房价涨幅连续回落
体坛英语资讯:Peng Cheng/Jin Yang win pairs figure skating at 2019 Shanghai Trophy
国内英语资讯:China, Pakistan vow to further deepen bilateral pragmatic cooperation
中国沙滩神器“脸基尼”或将引领澳大利亚夏日热潮
国内英语资讯:Xi Focus: Xi meets HKSAR chief executive