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) 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
2013年英语六级阅读备考练习题及答案3
英语六级考试冲刺的练习阅读篇81
2012年6月英语六级快速阅读答案网友版
2012年6月英语六级考试快速阅读答案文都版
2013年英语六级阅读备考练习题及答案13
2012年6月英语六级快速阅读答案解析
2013年英语六级阅读备考练习题及答案1
英语六级考试冲刺练习阅读篇89
2013年英语六级阅读备考练习题及答案9
英语六级快速阅读原文
烟雾氤氲Wreathed in smoke
2013年英语六级阅读备考练习题及答案10
英语六级考试冲刺练习阅读篇80
2013年英语六级阅读备考练习题及答案6
2013年6月大学英语六级考试阅读练习题9
英语六级考试冲刺练习阅读篇97
2013年六级阅读孤独会对你的健康不利的原因
2013年英语六级外刊阅读练习高耸的美丽
2012年6月英语六级考试仔细阅读答案大家版
2011年6月英语六级考试冲刺练习阅读篇88
快速阅读解题策略
英语六级阅读练习及答案
英语六级考试冲刺练习阅读篇87
2013年英语六级阅读备考练习题及答案7
2013年英语六级阅读备考练习题及答案11
2013年6月大学英语六级考试阅读练习题4
2013年6月大学英语六级考试阅读练习题6
2013年英语六级阅读备考练习题及答案2
2012年6月英语六级快速阅读答案
2012年6月英语六级考试仔细阅读答案
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |