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
美国习惯用语-第59讲:a fish out of water
美国习惯用语-第13期:To keep an ear to&nb
美国习惯用语-第48讲:to get a foot in&nbs
美国习惯用语-第57讲:lemon and going bananas
美国习惯用语-第27期:A red letter day
美国习惯用语-第28期:A black sheep
美国习惯用语-第29期:rain check
美国习惯用语-第16期:Right on the beam
美国习惯用语-第789:虚伪
美国习惯用语-第50讲:to be swept off one&
美国习惯用语-第36期:hot seat
美国习惯用语-第35期:monkey business
美国习惯用语-第55讲:oddball
美国习惯用语-第32期:Singing the blues
美国习惯用语-第19期:To bail out,Nose dive
美国习惯用语-第782:人命关天
美国习惯用语-第26期:A horse laugh
美国习惯用语-第785:新同事
美国习惯用语-第780:背水一战
美国习惯用语-第43期:to put your best foo
美国习惯用语-第20期:Up in arms
美国习惯用语-第788:流感
美国习惯用语-第41期:to go all out
美国习惯用语-第49讲:to stand on one´s&nbs
美国习惯用语-第39期:to have a heart
美国习惯用语-第37期:to break your neck
美国习惯用语-第38期:pain in the neck
美国习惯用语-第786:电影
美国习惯用语-第54讲:bomb
美国习惯用语-第790:大摆筵席
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