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
定语从句中关系代词as的用法
初中英语中many more 与much more的 区别
小学英语中和more有关的词组
英语助动词be的语法练习题
小升初语法必备:比较级详解
初中英语形容词比较级和最高级讲解
初中英语中much和 many的用法
反身代词的练习题
英语中比较级的句型
小升初语法必备:冠词用法总结
英语中系动词的分类总结
英语语法:形容词最高级的用法小结
英语语法:as和which的用法区别
高考英语语法必备:关系代词as的用法
英语中代词的用法及练习
语法必备:too many与too much的用法与区别
小学英语语法:助动词be的用法
英语中指示代词有哪些
小学英语系动词的用法
初中英语语法:关系代词that的用法
小升初语法必备:指示代词this和that的用法
英语中many 和much的区别
初中英语语法:关系代词的用法
英语语法必备:比较级和最高级前使用冠词的用法
初中英语语法必备:关系代词who与whom的用法区别
初中英语冠词用法的区别
英语中系动词的用法口诀
英语中指示代词的形式与用法
九年级英语指示代词练习题
英语代词有哪些
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