Cost as a Factor in Supply
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) abovewww.zcyy8.com
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
答案: CABCA CDABD BCCAB
冀教版六年级下unit 4《Lesson 30 Good-bye》word教案
2015春冀教版英语四下《Lesson 20 My Favourite Clothes》word教案
冀教版(一起)三下《lesson 29 Dress for the weather.》word教案
冀教版(一起)三下《Lesson 7 My finger hurts!》word教案
2015春冀教版英语四下《Lesson 10 Rain and Sun》word教案
冀教版(一起)四下《lesson 9 How Old Are You》word教案
2015春冀教版英语四下《Lesson 1 How are you》word教案
冀教版(一起)三下《lesson 26 Let’s exercise!》word教案
冀教版(一起)二下《lesson 25 Let’s go outside!》word教案
冀教版(一起)一下《Lesson 1 Hello!》word教案4
冀教版(一起)一下《Lesson 2 How Old Are You》word教案
冀教版(一起)三下《lesson 22 At the market》word教案
冀教版(一起)三下《lesson 18 At the clothes shop》word教案
冀教版(一起)二下《lesson 26 Cars, buses and bikes》word教案
2015春冀教版英语四下《Lesson 22 My Favourite Subject》word教案
冀教版(一起)三下《lesson 25 I’m hungry! I’m thirsty!》word教案
2015春冀教版英语四下《Lesson 17 What do You like to do》word教案
冀教版(一起)一下《Lesson 1 Hello!》word教案5
冀教版六年级下unit 3《Lesson 24 Again, please》word教案
冀教版(一起)三下《Lesson 8 Again, please!》word教案
2015春冀教版英语四下《Lesson 19 My Favourite Colours》word教案
冀教版(一起)四下《lesson 28 How Far Is Beijing》word教案
冀教版(一起)三下《Lesson 6 Seeing the doctor》word教案
冀教版(一起)一下《Lesson 1 Hello!》word教案6
冀教版六年级下unit 3《Lesson 23 Are you ready for a quiz》word教案
冀教版(一起)三下《lesson 30 Work hard at school》word教案
冀教版(一起)三下《lesson 23 Letters make sounds》word教案
2015春冀教版英语四下《Lesson 18 Maddy the Monster》word教案
2015春冀教版英语四下《Lesson 12 Mr. Moon’s Birthday》word导学案
冀教版六年级下unit 4《Lesson 26 Looking at pictures》word教案2篇