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
外研版(三起)英语五下《module 4 unit 2》教学设计2
外研版(三起)英语五下 M3短语和句型
外研版(三起)英语六下 单词和重点句
外研版(三起)英语六下 教学计划4
外研版(三起)英语六下 M3重点短语和句型
外研版(三起)英语五下《Module 4 Unit 1 Where are the books about computers please》教学设计
外研版(三起)英语五下《Module 8 Unit 1》教学设计
外研版(三起)英语六下 M4短语和句型
外研版(三起)英语五下 M4短语和句型
外研版(三起)英语五下 Module3 Unit1 单词教学
外研版(三起)英语六下 全册教案(最新表格版)
外研版(三起)英语五下 课文
外研版(三起)英语六下 Module 6知识点
外研版(三起)英语五下《Module 3 Unit 1 She had eggs and sausages》教学设计
外研版(三起)英语六下 M5短语和句型
外研版(三起)英语六下 复习资料一
外研版(三起)英语五下《Module 8 Unit 1 What do you suggest》教学设计
外研版(三起)英语五下《Module 10 Unit1 where are you going go to》教学设计
外研版(三起)英语六下 3-4模块复习
外研版(三起)英语五下 教学计划
外研版(三起)英语五下《Module 8 Unit 2 Line A is longer》教学设计
外研版(三起)英语五下 教案备课
外研版(三起)英语五下《Module 9 Unit 1》教学设计
外研版(三起)英语五下 英语知识要点
外研版(三起)英语五下 M3U1 教学设计1
外研版(三起)英语五下《Module 10 Unit1Where are you going to go》教学设计
外研版(三起)英语六下 人称代词与物主代词专项练习
外研版(三起)英语五下《Module 3 Unit One She had some eggs and sausages》教学设计
外研版(三起)英语六下《MODULE 1》教学设计
外研版(三起)英语五下 M2重点句型和短语
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |