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
高中英语第一册Unit19 Modern agriculture教案
新人教版高二英语选修八学案Unit2 Cloning(5)
高中英语第一册Other sport items教案
高二英语Module6 Unit2 What is happiness to you学案
新人教版高二英语选修八学案Unit2 Cloning(2)
新人教版高二英语选修八学案Unit2 Cloning(1)
高中英语Interview a professional教案
高中英语第一册The Olympic Games教案
高中英语第一册Unit 3 教案
高中英语第一册Unit 5 教案
高中英语第一册Unit 5 teaching plan教案
高一英语同步测试题二十Unit10(A卷)(附答案)
新人教版高二英语选修七学案《Unit 1 Living well》1
高中英语第一册Unit 5 Music教案
高中英语第一册Thecurse ofthemummy教案
高中英语第一册Period 4 Word power教案
新人教版高二英语选修八学案Unit1 A land of diversity 1
北师大版选修8高二英语导学案:Unit24 Society(1)
新人教版高二英语选修八学案Unit2 Cloning(3)
新人教版高二英语选修八学案Unit2 Cloning(4)
高中英语第一册unit11教案
高中英语第一册Unit 3Amazing people教案
高二英语Module6 Unit2 What is happiness to you学案1
高中英语第一册Unit4Wildlife protection教案
高中英语第一册词汇练习教案
高中英语第一册Unit5 Nelson Mandela教案
高中英语第一册Periods7-9 教案
新人教版高二英语必修4 Unit5 Theme parks学案
高中英语第一册My first day at Senior high教案
高中英语第一册Unit 3教案
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |