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
【金版教程】2017高考英语二轮复习训练:4-3-1 提纲作文b(含解析)
2017届高考英语二轮复习随堂训练:单项填空 2代词、介词和介词短语(含解析)
【创新设计】2017高考英语二轮复习限时测试:12(含解析)
2016届河南省孟津县高考英语一轮复习阅读理解训练:1(含解析)
【金版教程】2017高考英语二轮复习训练:4-2-3 高级表达与过渡衔接b(含解析)
【创新设计】2017高考英语二轮复习限时测试:7(含解析)
2016届河南省孟津县高考英语一轮复习阅读理解训练:2(含解析)
【金版教程】2017高考英语二轮复习训练:3-2-7 特殊句式a(含解析)
【金版教程】2017高考英语二轮复习训练:4-2-3 高级表达与过渡衔接a(含解析)
【金版教程】2017高考英语二轮复习训练:4-3-2 图画作文b(含解析)
【金版教程】2017高考英语二轮复习训练:4-2-1 简单句写作b(含解析)
2016届河南省孟津县高考英语一轮复习阅读理解训练:7(含解析)
【金版教程】2017高考英语二轮复习训练:4-3-1 提纲作文a(含解析)
【金版教程】2017高考英语二轮复习训练:3-2-4 定语从句b(含解析)
【创新设计】2017高考英语二轮复习限时测试:10(含解析)
【金版教程】2017高考英语二轮复习训练:3-2-5 名词性从句b(含解析)
2016届河南省孟津县高考英语一轮复习阅读理解训练:8(含解析)
【创新设计】2017高考英语二轮复习限时测试:11(含解析)
【金版教程】2017高考英语二轮复习训练:4-1 短文改错b(含解析)
2016届河南省孟津县高考英语一轮复习阅读理解训练:10(含解析)
【金版教程】2017高考英语二轮复习训练:3-2-6 并列句和状语从句b(含解析)
【创新设计】2017高考英语二轮复习限时测试:15(含解析)
【金版教程】2017高考英语二轮复习训练:4-2-2 并列句及复合句的写作b(含解析)
【金版教程】2017高考英语二轮复习训练:4-2-1 简单句写作a(含解析)
【金版教程】2017高考英语二轮复习训练:4-1 短文改错a(含解析)
【金版教程】2017高考英语二轮复习训练:4-3-3 图表作文a(含解析)
【金版教程】2017高考英语二轮复习训练:3-2-7 特殊句式b(含解析)
【创新设计】2017高考英语二轮复习限时测试:9(含解析)
2017届高考英语二轮复习随堂训练:单项填空 1名词和冠词(含解析)
【创新设计】2017高考英语二轮复习限时测试:19(含解析)
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