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
精选英语散文欣赏:月亮和井
浪漫英文情书精选:My Everything我的一切
伤感美文:人生若只如初见
浪漫英文情书精选:Could This Be Real?这是真的吗?
浪漫英文情书精选:My Love Will Reach Any Distance爱无边
浪漫英文情书精选:The Best Surprise最好的惊喜
双语美文:I Wish I Could believe
浪漫英文情书精选:Good Morning早上好
精选英语美文阅读:哪有一株忘忧草? (双语)
双语阅读:回家的感觉真好
浪漫英文情书精选:My Heart And Soul我的灵魂
浪漫英文情书精选:Need You With Me需要你爱我
美文:爱的奇迹
精选英语美文阅读:一封未发出的英文情书《但是你没有》
精美散文:守护自己的天使
最美的英文情诗:请允许我成为你的夏季
精选英语美文阅读:How selfless real love is 无私的爱
精选英语美文阅读:A Friend's Prayer 朋友的祈祷
英文《小王子》温情语录
精选英语美文阅读:饶孟侃《呼唤》
精选英语美文阅读:被忽略的爱 Helpless love
精选英语散文欣赏:一棵小苹果树
爱情英语十句
态度决定一切 Attitude Is Everything
英语美文:Keep on Singing
精选英语美文阅读:假如生活欺骗了你
精美散文:让我们撩起生命的波纹
浪漫英文情书精选:True Love Of My Life我的真爱
双语散文: Optimism and Pessimistic
如果生命可以重来(双语)
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