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
参考答案: CABCA CDABD BCCAB
Love Your Life 热爱生活
最美的英文情诗:请允许我成为你的夏季
浪漫英文情书精选:Good Morning早上好
英语美文:A Psalm of Life 人生礼颂
浪漫英文情书精选:To Prince Perfect献给心中的王子
浪漫英文情书精选:Boundless Love无边的爱
啊,我讨厌英语 Gullia Oops Jaime Pas Langlais 这首歌是不是也唱出你的心声了
英语美文:Keep on Singing
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双语美文:在思考中成长
双语美文:I Wish I Could believe
浪漫英文情书精选:The Best Surprise最好的惊喜
浪漫英文情书精选:My Heart And Soul我的灵魂
精选英语美文阅读:爱的奇迹 Keep on Singing
精美散文:爱你所做 做你所爱
双语散文: Optimism and Pessimistic
英语美文欣赏:A beautiful song
献给女性:如果生命可以重来
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精选英语散文欣赏:平等的爱
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浪漫英文情书精选:Is It Love?这是爱么?
浪漫英文情书精选:Starting Over Again重新来过
精美散文:27岁的人生
精美散文:守护自己的天使
伤感美文:人生若只如初见
双语美文:What are you still waiting for?
精选英语美文阅读:假如生活欺骗了你
美文:爱的奇迹
双语美文欣赏:孤独人生
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