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: CABCA CDABD BCCAB
2015秋牛津深圳版英语九上Unit 3《Family life》word教案5
2015秋牛津深圳版英语九上Unit 1《Wise men in history》word教案4
2015秋牛津深圳版英语九上Unit 2《Great minds》word教案4
2015秋牛津深圳版英语九上Unit 1《Wise men in history》word教案1
2015秋牛津深圳版英语九上Unit 4《Problems and advice》word教案3
2015秋牛津深圳版英语九上Unit 1《Wise men in history》word教案5
牛津沈阳版英语九上《Chapter 5 Memory》word教案
2015秋牛津深圳版英语九上Unit 6《Healthy diet》word教案5
2015秋牛津上海版英语九上Uint 2《Great minds》word单元教案
2015秋牛津深圳版英语九上Unit 8《Surprise》word教案3
2015秋牛津深圳版英语九上Unit 1《Wise men in history》word教案6
2015秋牛津深圳版英语九上Unit 3《Family life》word教案1
牛津深圳版英语九年《Chapter 8 Two geniuses》(Reading II)wrod教案
牛津沈阳版英语九上《Chapter 5 Memory》word重难点讲解
牛津深圳版英语九年《Chapter 8 Two geniuses》wrod综合教案
2015秋牛津深圳版英语九上Unit 4《Problems and advice》word教案2
牛津沈阳版英语九上《Chapter 6 Comic strips》word教案
2015秋牛津深圳版英语九上Unit 7《The Adventures of Tom Sawyer》word教案2
2015秋牛津深圳版英语九上Unit 2《Great minds》word教案1
2015秋牛津深圳版英语九上Unit 8《Surprise》word教案5
2015秋牛津深圳版英语九上Unit 6《Healthy diet》word教案4
2015秋牛津深圳版英语九上Unit 3《Family life》word教案3
2015秋牛津深圳版英语九上Unit 1《Wise men in history》word教案2
牛津深圳版英语九年《Chapter 6 Food for thought》wrod教学反思
2015秋牛津深圳版英语九上Unit 2《Great minds》word教案2
2015秋牛津深圳版英语九上Unit 1《Wise men in history》word教案3
2015秋牛津深圳版英语九上Unit 8《Surprise》word教案6
2015秋牛津深圳版英语九上Unit 7《The Adventures of Tom Sawyer》word教案3
2015秋牛津深圳版英语九上Unit 3《Family life》word教案2
2015秋牛津深圳版英语九上Unit 6《Healthy diet》word教案6
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |