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
雅思口语秘籍六招让你赚足印象分
雅思听力神奇缩写词的四种方式介绍
备考辅导雅思写作的几大易错词汇的纠正
让考官眼前一亮雅思写作九个加分句型
备考指导雅思考前这样准备才能够超常发挥
雅思阅读关键重点是要具备英语同义词能力
逐个击破语音语拿下雅思听力考试
雅思考官眼中的口语高分考生语法准确无错误
雅思考官揭秘教你学习英语口语七大诀窍
雅思口语8分狂人必练练习口语十个建议
雅思考官教你突破中国人最难的九个音
考官提醒雅思写作要开门见山
备考辅导雅思写作常用连接词的归类总结
分享雅思考试听力跟读四大最佳的途径
雅思的考官解读口语考试各个环节的制胜因素
雅思考官揭秘教你避免七大口语备考的误区
名师分析雅思考试7月题型解析及8月的考试指导
为什么中国学生的雅思口语成绩全球倒数第一
2013年如何备考雅思雅思的听说读写新变化
雅思口语如何在与老外聊天中提高自己水平
雅思写作上半年总结及下半年备考策略
雅思大作文高分技巧对比应用突出主题
盘点雅思写作十大见官死失败开头
跟着已知信息走四点攻克雅思听力表格填空题
专家总结中国考生雅思议论文的十大失分点
雅思展望考试回归能力难度逐步增加
雅思写作名词性从句学生常犯六宗罪
雅思阅读实用技巧如何加快阅读速度
名师解析雅思口语Part2最新出题趋势
雅思写作秘诀之怎样表达不会的单词
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |