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
职场社交英语口语对话 Lesson 4:我会让你发财?
职场社交英语口语对话 Lesson 17:她整个人热力四射
开会常用的口语表达
职场社交英语口语对话 Lesson 18:我们得要抢先完成
职场社交英语口语对话 Lesson 29:我猜我只是有点紧张
演讲必备的万能句型
职场社交英语口语对话 Lesson 9:你今天早来了
职场社交英语口语对话 Lesson 36:他或许会有些尴尬
职场社交英语口语对话 Lesson 3:你是怎么算薪水的?
职场社交英语口语对话 Lesson 11:你要知道动机何在吗?
职场"老好人"的生存法则
职场社交英语口语对话 Lesson 23:你才不要分心
酒店各种客房的说法
职场社交英语口语对话 Lesson 15:集怪胎与朋克于一身
职场社交英语口语对话 Lesson 12:这是生意经
职场社交英语口语对话 Lesson 32:我太紧张了
职场社交英语口语对话 Lesson 21:你真是心狠手辣
职场社交英语口语对话 Lesson 43:一张绿色便条纸
职场社交英语口语对话 Lesson 8:我受不了电脑怪胎?
职场社交英语口语对话 Lesson 30:你的便利贴是什么颜色?
职场社交英语口语对话 Lesson 13:另一张绿色便条纸
描述工作进度的句子
职场社交英语口语对话 Lesson 39:你这个疯婆娘!
职场社交英语口语对话 Lesson 27:她可都是玩真的
酒店前台常用口语句子
职场社交英语口语对话 Lesson 19:我就不拐弯抹角了
职场社交英语口语对话 Lesson 24:我们会熬过去的
职场社交英语口语对话 Lesson 34:这在我的控制之下
职场社交英语口语对话 Lesson 31:哇!有一套!
职场社交英语口语对话 Lesson 25:这是难关,对吧
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