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
国际英语资讯:Spotlight: Chinese companies gain strong foothold in U.S. leading music industry show
春节家里摆什么,这5种植物旺财又旺运
国内英语资讯:Xi, Myanmar leaders celebrate 70th anniversary of diplomatic ties
体坛英语资讯:Liverpool under more pressure than Flamengo: Filipe Luis
体坛英语资讯:Chinese athletics reviews successful 2019
国内英语资讯:China reports 1,975 confirmed cases of new coronavirus pneumonia, 56 deaths
国际英语资讯:Protests in Ecuador leads to 821 mln USD losses in 2019
国内英语资讯:Xi Focus: CPC leadership meets to discuss novel coronavirus prevention, control
苏格兰现“组装”木乃伊 身体部位分属6人
国内英语资讯:China detects large quantity of novel coronavirus at Wuhan seafood market
国内英语资讯:China to extend Spring Festival holiday to contain coronavirus outbreak
国内英语资讯:China greenlights four virus detection products for novel coronavirus
萨科齐卷入政治献金案 住所遭突击搜查
国际英语资讯:Canadian govt to offer financial aid to families of Canadian victims in Ukrainian plane cr
国内英语资讯:China allocates 11.21 bln yuan for epidemic prevention
英男子脚踩两只船 生下12个娃没露馅
国内英语资讯:Xinhua Headlines: Quiet and busy -- Lunar New Years Eve in Wuhan, center of coronavirus fi
国内英语资讯:Chinese premier holds symposium with foreign experts in China
国内英语资讯:Alibaba launches free online medical consultation to ease hospital pressure
叙总统与英女博士800封情书曝光
儿子去世后,母亲在另一个人身上听到了他的心跳
国际英语资讯:Perus president casts vote in legislative elections
国内英语资讯:China reports 2,744 confirmed cases of new coronavirus pneumonia, 80 deaths
体坛英语资讯:Chinas Zhu wins womens skeleton at North American Cup
国际英语资讯:Spotlight: India displays military might as it celebrates 71st Republic Day
国内英语资讯:Across China: Folk artist makes dough figurines to celebrate Year of the Rat
体坛英语资讯:Chinese womens team beat Chinese Taipei 1-0 in EAFF E-1 Football Cship
国内英语资讯:Xi meets Myanmar State Counsellor Aung San Suu Kyi
体坛英语资讯:Rwandas youth to benefit from China sporting ties, says official
国内英语资讯:Chinese vice premier requires winning battle against novel coronavirus
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |