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
英语语法存在句知识点:there be与情态动词连用(2)
省略句知识点总结:“连词+省略结构”用法归纳
英语语法存在句知识点:there be与情态动词连用(1)
小升初英语语法专项练习:人称代词和物主代词
省略句知识点总结:含if的八种省略结构
小升初英语语法专项练习:形容词、副词
小升初英语语法专项练习:动词短语
状语从句知识点总结:状语从句常用引导词归纳
省略句知识点总结:省略在虚拟条件句型中的应用
小升初英语语法专项练习:There be
英语语法存在句知识点:谈谈“there be+名词+非谓语动词”
英语语法存在句知识点:有关there be结构的九个惯用句型
小升初英语语法专项练习:介词
状语从句知识点总结:学习地点状语从句的几点注意
英语语法存在句知识点:存在句巩固练习题
小升初英语语法专项练习:比较级
状语从句知识点总结:even though和even if的用法区别
状语从句知识点总结: 这个where 引导什么从句
省略句知识点总结:谈谈状语从句的省略问题
英语语法大全:存在句知识点总结
小升初英语语法专项练习:一般现在时
小升初英语语法专项练习:形容词和副词
小升初英语语法专项练习:一般将来时
小升初英语语法专项练习:Be动词
英语语法存在句知识点:there be结构的分析与理解
英语语法存在句知识点:存在句基础专项练习
状语从句知识点总结:even可用于引导让步状语从句吗
状语从句知识点总结:状语从句在复合句中的位置
状语从句知识点总结:目的和结果状语从句注意事项
省略句知识点总结:表语的省略
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