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
2017届新课标高考一轮复习英语人教版 浙江专版课件:part1 选修8 unit2
2017届高考英语一轮复习北师大版写作专题讲座课件:第九讲 记叙文(一)写人记叙文
2017届新课标高考一轮复习英语人教版 浙江专版课件:part1 必修3 unit3(2)
2017届新课标高考一轮复习英语人教版 浙江专版课件:part1 必修3 unit4(1)
江苏省无锡新领航教育咨询有限公司高中英语《宾语从句》练习
2017届新课标高考一轮复习英语人教版 浙江专版课件:part1 选修7 unit5
江苏省无锡新领航教育咨询有限公司高中英语语法专题》(2)时态
2017届新课标高考一轮复习英语人教版 浙江专版课件:part1 选修8 unit3
2017届高考英语一轮复习北师大版写作专题讲座课件:第二十讲 开放性作文
2017届新课标高考一轮复习英语人教版 浙江专版课件:part1 选修6 unit1
2017届新课标高考一轮复习英语人教版 浙江专版课件:part1 必修5 unit1(2)
江苏省无锡新领航教育咨询有限公司高中英语语法专题(3)语态
2017届新课标高考一轮复习英语人教版 浙江专版课件:part1 必修5 unit5(1)
2017届新课标高考一轮复习英语人教版 浙江专版课件:part1 必修3 unit5(1)
2017届新课标高考一轮复习英语人教版 浙江专版课件:part1 必修5 unit3(2)
江苏省无锡新领航教育咨询有限公司高中英语《It作形式宾语》练习
2017届新课标高考一轮复习英语人教版 浙江专版课件:part1 必修4 unit1
2017届高考英语一轮复习北师大版课件:必修二 Unit4《Cyberspace》
2017届新课标高考一轮复习英语人教版 浙江专版课件:part1 选修8 unit4
2017届新课标高考一轮复习英语人教版 浙江专版课件:part1 必修4 unit3
江苏省无锡新领航教育咨询有限公司高中英语《主语从句》练习
2017届高考英语一轮复习北师大版写作专题讲座课件:第二讲 简单句的转换与训练
2017届新课标高考一轮复习英语人教版 浙江专版课件:part1 必修5 unit3(1)
2017届新课标高考一轮复习英语人教版 浙江专版课件:part1 选修6 unit3
2017届高考英语一轮复习北师大版写作专题讲座课件:第八讲 句子间、段落间的衔接、过渡的写作与训练
2017届新课标高考一轮复习英语人教版 浙江专版课件:part1 必修5 unit1(1)
2017届新课标高考一轮复习英语人教版 浙江专版课件:part1 必修3 unit2(1)
2017届新课标高考一轮复习英语人教版 浙江专版课件:part1 必修4 unit4
2017届新课标高考一轮复习英语人教版 浙江专版课件:part1 选修7 unit1
2017届新课标高考一轮复习英语人教版 浙江专版课件:part1 选修6 unit5
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |