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
SAT写作:满分作文欣赏
SAT作文写作成功的关键是什么
SAT写作法则及实例:避免使用俚语
SAT写作:做好写前准备
SAT写作素材——名人生平(4)
SAT写作素材 商业
专家点评:SAT写作应避免的错误
SAT作文写作误区 唯“洋例子”论
一篇优秀SAT作文范例
SAT作文推荐背诵范文
SAT作文素材 历史与战争
SAT写作法则及实例:合并短句
SAT写作:认知你论文的读者和目的
6类SAT写作常见问题之三 表达受中文影响
SAT写作素材——生物和医学领域的重大事件
SAT写作素材——名人生平(1)
能为SAT作文加分的词汇有哪些?
不要过分依赖SAT写作模板
SAT写作优秀范文借鉴
SAT写作素材——科学发明领域的重大事件
6类SAT写作常见问题之二 固定搭配
SAT写作的五大基本要求
6类SAT写作常见问题之四 动词形式
SAT作文有字数的要求吗?
SAT作文的三个常见问题
SAT作文题目解析 利用一个人故事的不同部分来论证
如何写好SAT作文的开头段
SAT写作学生原作与老师修改文章示例
SAT作文素材 社会事件
SAT写作素材——名人生平(3)
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |