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
我的路
国内英语资讯:Shanghai port sees container throughput hit record high in July
"乱世佳人"传奇女星去世
国内英语资讯:Xi officially announces commissioning of BDS-3 navigation system
小狗
国内英语资讯:Chinese vice premier stresses COVID-19 control in autumn, winter
电影档期一延再延 好莱坞开始放弃2020年
全球航空业预计到2024年才能恢复
我的家乡
美国国安顾问感染新冠
春天的桃花
World Refugee Day 世界难民日
国际英语资讯:Feature: Thousands rally in Berlin against coronavirus restrictions
讨厌鬼——袁程
国内英语资讯:Chinese state councilor stresses flood control, post-disaster recovery
国内英语资讯:Chinese premier stresses production safety, flood control
英国政府将斥资20亿英镑鼓励民众骑车和步行
国际英语资讯:Rockefeller Centers outdoor flag exhibition open to public in NYC
国内英语资讯:Chinese military refutes U.S. defense secretarys verbal attacks
谢谢老师的小小善举
国际英语资讯:Feature: Sydneys iconic Chinatown eateries adapt to life under COVID-19
家乡的名胜——金山寺
国际英语资讯:Obama warns voting rights under threat at John Lewis funeral
国际英语资讯:Egypt rejects Turkeys Mediterranean navigational warning for seismic survey
Fitness and Health 健身与养生
家乡的变化
小蜘蛛
可拆洗吸管环保又方便,让奶茶来得更猛烈些吧
国内英语资讯:China issues blue alert for Typhoon Sinlaku
国际英语资讯:Indias new education policy evokes mixed reaction
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |