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
2017届高考英语一轮单元总复习教案精品荟萃:外研版必修一Module 4《A Social Survey—My Neighbourhood》
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2017届高考英语一轮单元总复习教案精品荟萃:外研版必修四Module 3《Body Language and Non-verbal Communication》
山东济宁一中2017届高考高三英语二轮复习课件:专题五 动词的时态和语态
山西省2017高考英语二轮复习专题训练:阅读理解(46)
山东济宁一中2017届高考高三英语二轮复习课件:专题十 特殊句式
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2017届高考英语一轮单元总复习教案精品荟萃:外研版必修四Module 4《Great Scientists》
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2017届高考英语一轮单元总复习教案精品荟萃:外研版选修八Module 4《Which English》
2017届高考英语一轮单元总复习教案精品荟萃:外研版必修五Module 2《A Job Worth Doing》
2017届高考英语一轮单元总复习教案精品荟萃:外研版必修一Module 3《My First Ride on a Train》
2017届高考英语一轮单元总复习教案精品荟萃:外研版必修一Module 1《My First Day at Senior High》
山东济宁一中2017届高考高三英语二轮复习课件:专题四 动词和动词词组
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2017届高考英语一轮单元总复习教案精品荟萃:外研版选修六Module 1《Small Talk》
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2017届高考英语一轮单元总复习教案精品荟萃:外研版选修六Module 3《Interpersonal Relationships—Friendship》
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2017届高考英语一轮单元总复习教案精品荟萃:外研版必修四Module 6《Unexplained Mysteries of the Natural World》
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