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
美国习惯用语-第206讲:take a walk
美国习惯用语-第221讲:As light as a feath
美国习惯用语-第189讲:stand tall
美国习惯用语-第187讲:make tracks
美国习惯用语-第194讲Fat cat
美国习惯用语-第225讲:Like Greased Lightning
美国习惯用语-第169讲:Nothing special
美国习惯用语-第223讲:Bread and butter
美国习惯用语-第173讲:to keep one´s cool
美国习惯用语-第197讲:the works
美国习惯用语-第207讲:motor mouth
美国习惯用语-第193讲:Fat farm
美国习惯用语-第203讲:To close the books
美国习惯用语-第224讲:Butterfingers
美国习惯用语-第220讲:Birds of a feather
美国习惯用语-第198讲:Cut a deal
美国习惯用语-第202讲:One for the books
美国习惯用语-第188讲:stand someone up
美国习惯用语-第196讲workaholic
美国习惯用语-第182讲:give somebody a piece&nb
美国习惯用语-第183讲:Under the gun
美国习惯用语-第171讲:To whistle a different&n
美国习惯用语-第209讲:Wall-to-wall
美国习惯用语-第217讲:Ups and downs
美国习惯用语-第195讲on thin ice
美国习惯用语-第215讲:On the level
美国习惯用语-第205讲:To walk on air
美国习惯用语-第184讲:hippie
美国习惯用语-第219讲:Touch Base/o Lunch
美国习惯用语-第200讲:Honeymoon
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |