Cost as a Factor in Supply
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
向着第一个“百年目标”迈进
新修图软件实时移除镜头中移动物体 拯救被路人毁掉的照片
环保泳衣:游泳顺便清理污水
台风巨爵登陆菲律宾造成特大暴雨
《胡润百富榜》 中国巨富人数首超美国
中英构建面向21世纪全球全面战略伙伴关系
白金汉宫国宴都有啥?
由《琅琊榜》说起:那些年热门电视剧的英文名儿
习大大点名《唐顿庄园》 英伦古风再次来袭
奥巴马主持白宫航天之夜活动
私人定制的“微交通”时代
带毛宠物别名:毛宝宝
当金融遇上互联网
卡梅伦带习近平“泡吧”吃炸鱼薯条
习大大访英点名要吃的炸鱼薯条到底是啥?!
皇家加勒比号游轮两周后正式起航
中国赴英旅游人数达到历史新高
中资机构首单“绿色债券”伦敦上市
007《金手指》女演员:别再叫我们邦女郎
逛完商场出现“宿醉反应”?
《权力的游戏》为北爱尔兰带来意外之财
驶往东方的大邮轮
零售业渐入“全渠道”时代
京东腾讯联手推社交电商升级版
中英文化产生“化学反应”
阿里巴巴收购优酷土豆或许是一次双赢
10家旅行社被列入国家旅游局"黑名单"
北京电影学院65周年校庆众星云集
你是“社交媒体自恋狂”吗?
狗从哪里来 基因研究揭晓答案
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |