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
让步状语从句的常用引导词
可用于引导状语从句的“六类名词”
比较状语从句与方式状语从句的用法归纳
使用because的五注意
although 与 though的用法区别
英语从属连词用法分类详解
原因状语从句
英语方式状语从句的用法及有关说明
哪些从句可用一般现在时表示将来
as, which 非限定性定语从句
英语让步从句的用法及有关说明
用作从属连词的六类名词结构
表示一…就…的结构
谈谈英语状语从句的省略问题
英语地点状语从句的用法及考点说明
unless与if…not…同与异
though/although习惯上不与but连用吗
英语八类状语从句的用法归纳
英语语法详解:条件状语从句(两大条)
英语目的状语从句的用法及有关说明
英语语法详解:结果状语从句(五个方面)
as引导时间状语从句的谓语特点
定语从句
英语语法详解:原因状语从句(四大点)
让步状语从句
英语条件从句的用法及有关说明
条件状语从句
英语结果状语从句的用法及有关说明
结果状语从句
when, while, as的用法区别
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