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
2014考研英语作文经典名人事迹托马斯.爱迪生
2014考研英语作文万能模板应用文系列——致歉信
2014考研英语经典范文不利于社会的现象
2014考研英语经典范文自身发展所需的品质
2015考研英语复习计划时间充裕从培养语感做起
2014年考研英语作文句型常用段首句
2014考研英语作文预测梦想与目标
2014考研英语十篇必背英语的范文3
考研英语作文经典范文家庭关系类
2014考研英语复习写作技巧
2014年考研英语作文十大热门话题酒驾与责任
揭秘考研英语作文评分的标准
2014年考研英语作文句型常用让步句
2014考研英语写作高频使用词汇的大总结
2014考研英语十篇必背的英语范文1
2014考研英语作文万能模板的精选(一)
2014考研英语作文经典名人事迹乔治亚.华盛顿
考研英语冲刺万能句式助写作跃龙门
2014考研英语作文万能模板应用文系列——推荐信
2014年考研英语大作文预测及范文
2014考研英语十篇必背的英语范文2
2014年考研英语作文十大热门话题——乐观与豁达
2014年考研英语作文十大热门话题-节约资源
2014考研英语作文复习写作必备热点词汇总结
2014考研英语作文完美冲刺的3步走
2014考研英语作文万能模板的精选(三)
2014考研英语作文万能模板应用文系列申请信
考研英语画作文语言策略2
2014考研英语作文万能模板应用文系列投诉信
考研英语作文经典范文社会热点类
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |