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
研究显示 青少年运动量竟和60岁老人同一水平!
国内英语资讯:State Council officials pledge allegiance to constitution
国内英语资讯:Full text of Chinese President Xis written interview with Russian media
国内英语资讯:Xi says China welcomes Hamburg to participate in B&R Initiative
国内英语资讯:Xi arrives in Berlin for state visit to Germany
国内英语资讯:Xi, Putin pin hopes on NGOs, media, business for closer ties
王者荣耀推出最强管控,小学生只能玩1小时
国内英语资讯:Peace, stability on Korean Peninsula meets interests of all
2017中国社交媒体影响报告出炉 中老年入场90后逃离
Excite、energise 和 stimulate 的区别
除了发胖、长痘 再给你五个戒掉宵夜的理由
国内英语资讯:47 dead, 22 missing after flood hits Hunan, Guangxi
顺丰获颁中国首张无人机空域许可证
研究:上夜班会造成DNA损伤并引发癌症
Kindle推出中国定制款,福利多到眼花
国内英语资讯:Xi, Merkel watch friendly football match between Chinese, German youth teams
国内英语资讯:Chinese vice premier urges system innovation to build open economy
美国自由女神像原来不是绿色的?
国内英语资讯:Xi meets German SPD leader on bilateral ties
新电脑病毒扑面而来,Petya到底是什么?