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
答案: CABCA CDABD BCCAB
2016届高考英语二轮复习词汇综合练:06(原卷版)
2016届高考英语二轮专项复习课件:Book5 5.5(新人教版)
2016届高三英语二轮复习周测卷:15(含解析)(河北衡水)
2016届高考英语二轮复习词汇综合练:05(解析版)
2016届高考英语二轮复习专项训练:专题限时检测(4)时态和语态
2016届高三英语二轮复习周测卷:17(含解析)(河北衡水)
2016届高考英语二轮复习词汇综合练:03(原卷版)
2016届高考英语二轮复习词汇综合练:08(解析版)
2016届高考英语二轮专项复习课件:Book8 8.4(新人教版)
2016届高考英语二轮专项复习课件:Book4 4.5(新人教版)
2016届高考英语二轮复习精讲学案:专题15 完形填空(原卷版)
2016届高考英语二轮复习词汇综合练:03(解析版)
2016届高考英语二轮复习专项训练:专题限时检测(10)完形填空之记叙文体(1)
2016届高考英语二轮复习专项训练:专题限时检测(5)非谓语动词
2016届高考英语二轮复习专项训练:专题限时检测(6)情态动词和虚拟语气
2016届高考英语二轮复习词汇综合练:06(解析版)
2016届高三英语二轮复习周测卷:14(含解析)(河北衡水)
2016届高考英语二轮复习词汇综合练:04(原卷版)
2016届高考英语二轮复习精讲学案:专题14 阅读理解(原卷版)
2016届高考英语二轮专项复习课件:Book4 4.4(新人教版)
2016届高考英语二轮复习精讲学案:专题09 名词性从句(原卷版)
2016届高考英语二轮专项复习课件:Book5 5.3(新人教版)
2016届高考英语二轮复习词汇综合练:07(解析版)
2016届高考英语二轮复习专项训练:专题限时检测(9)情景交际
2016届高考英语二轮复习词汇综合练:01(原卷版)
2016届高考英语二轮复习词汇综合练:02(解析版)
2016届高考英语二轮专项复习课件:Book8 8.3(新人教版)
2016届高三英语二轮复习周测卷:18(含解析)(河北衡水)
2016届高考英语二轮复习专项训练:专题限时检测(8)特殊句式及其他
2016届高考英语二轮复习词汇综合练:04(解析版)
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |