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
参考答案: C、 A、 B、 C 、A、 C、 D、 A、 B 、D、 B 、C、 C、 A、 B
体坛英语资讯:Schusters job in danger after weekend disaster
体坛英语资讯:Organizers upbeat about successful FIFA World U-17 Championship
体坛英语资讯:Lakers extend winning streak to seven
体坛英语资讯:Brazilian player Hernanes receives worldwide attention
体坛英语资讯:Chelseas Drogba banned for 3 games
体坛英语资讯:Using strong words, Ronaldo quotes President Lula
体坛英语资讯:Liverpool, Everton set for FA Cup clash
体坛英语资讯:Empty stands await Atletico Madrid in Vicente Calderon
体坛英语资讯:Kaka plans on retiring with Sao Paulo before becoming priest
体坛英语资讯:Azarenka claims first WTA title in Brisbane
体坛英语资讯:Bayern loses ground with Gladbach tie
体坛英语资讯:Federer surprised by favorite tag for Murray
体坛英语资讯:Rwanda recovers to beat Somalia 3-0 at CECAFA Challenge Cup
体坛英语资讯:Robben ends debate over himself and Messi
体坛英语资讯:Spain wins Davis Cup for 3rd time
体坛英语资讯:Turkey ready to become candidate for 2020 Olympic Games
体坛英语资讯:Mijatovic supports under-pressure Real Madrid coach Schuster
体坛英语资讯:Ronaldo takes 1st award, Marta makes it three in a row
体坛英语资讯:Man. United beat Chelsea 3-0 in Premier League
体坛英语资讯:Curl it like Kobe: Bryant ends Yao s 3-game win streak
体坛英语资讯:Chinese gymnast boys dominant at Stuttgart WC
体坛英语资讯:Maradona off to winning start as Argentina beat Scotland 1-0
体坛英语资讯:Maradona brushes off Butcher snub
体坛英语资讯:Raul helps Real beat Mallorca
体坛英语资讯:Ovechkin gets All-Star invite after snub by fans
体坛英语资讯:Kaka elected most popular player in Brazil
体坛英语资讯:Phelps back in Beijing
体坛英语资讯:Murray finishes off ailing Federer in Masters Cup
体坛英语资讯:Tickets for China GP in April go on sale
体坛英语资讯:Angola seeks U.S. basketball potential
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |