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
考研最后冲刺:完整考研高频词过一遍(14)
考研翻译冲刺必背单词英汉版(9)
考研作文高分法宝:高级词替换低级词(3)
考研最后冲刺:完整考研高频词过一遍(5)
考研的语法:集体名词的类与群
考研作文高分法宝:高级词替换低级词(4)
考研翻译冲刺必背单词英汉版(8)
考研作文高分法宝:高级词替换低级词(1)
考研写作100个同义词的替换精髓词汇(3)
考研的语法:不定式和动名词作宾语的区别
考研语法:与-ly副词同义介词短语
考研最后冲刺:完整考研高频词过一遍(10)
考研翻译冲刺必背单词英汉版(3)
破解考研英语2500障碍词(1)
考研的语法:需要用名词复数的短语
考研翻译冲刺必背单词英汉版(6)
考研翻译冲刺必背单词英汉版(14)
考研最后冲刺:完整考研高频词过一遍(3)
破解考研英语2500障碍词
名师总结考研英语写作最常用的词汇(2)
名师总结考研英语写作最常用的词汇(4)
考研翻译冲刺必背单词英汉版(13)
考研英语语法10天速成讲义:名词从句
考研写作100个同义词的替换精髓词汇(5)
考研翻译冲刺必背单词英汉版(5)
考研翻译冲刺必背单词英汉版(12)
考研最后冲刺:完整考研高频词过一遍(12)
考研最后冲刺:完整考研高频词过一遍(15)
考研的语法:不定式和分词作状语的区别
考研语法:以f(e)结尾名词复数形式
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |