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
雅思写作句型模板(6):表示变化
对称模式为雅思写作提分
雅思写作句型模板(4):表示重要
新手必读:雅思写作高分的秘诀(英)
雅思写作常规句型介绍之定语从句
雅思写作语法错误(4):双谓语
雅思写作语法错误(8):标点
雅思写作语法错误(6):单复数,冠词
雅思写作万能结束语模板
雅思写作备考指导之结尾句模板
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雅思写作:转变中式思维,赢高分
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雅思大作文水平快速提高有秘诀
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雅思写作:添彩的哲理警句
雅思写作高分开篇模式介绍
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考生对雅思写作图表题型的5个误区
雅思写作语法错误(5):词性(主语,动名词)
7分雅思写作模板范文:国防的重要性
雅思写作科技话题必备短句:moon landing
雅思写作句型模板(1):表示原因
雅思小作文攻略+范文3例:流程图
雅思写作科技话题必备短句:mechanical labor
创造语境方可提高雅思写作
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