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
中考英语作文:卫生健康饮食
中考英语范文:A young idler,an old beggar
英语满分作文必背句型七类
中考英语写作中最常用的句型扩展收集
中考英语高分作文结尾四要点
中考英语范文:Spring is coming on
中考英语范文:Wind
中考英语范文:中学生该不该上网
中考英语作文:My view on school uniform
中考英语范文:The Magic Shell
中考英语范文:Ways to Improve china's tourism
中考英语范文:A Happy Family
中考英语范文:My Collecting-tin
2010中考月考作文可能考的主题:低碳生活作文
2011中考英语话题作文精编范文指导
中考英语作文:Early risingn
名师指导:五个步骤写好中考英语作文
用新概念二册提升中学写作的“四大关键”
中考英语范文:Holidays and Outings
中考英语作文的四大误区
2010中考英语书面表达必背句子2
中考英语作文:启事
中考英语范文:A Model Student
中学生如何写好英语作文
中考英语范文:A Phone Call
2010年中考英语常见写作错误归纳15条
中考英语范文:My Little Dog
中考英语范文:Our Foreign Teacher
中考英语写作专练 Notes
中考英语作文:How to make friends?
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |