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
答案:CABCA CDABD BCCAB
高中英语第一册总复习课件
八年级英语下册期末质量检测试题
初中英语第四册Unit1-12全套教案
八年级英语下册课件Unit3 What will you do课件(3)
八年级英语新课标同步调查测试题
八年级英语下册Unit2提高试题1
初中英语第四册Unit 10说课稿教案
初二册(下)重点句型“快译通”(新人教版)_初二英语试题
初中英语Whatare you doingfor vacation教案
高中英语高一英语下学期Unit16 Scientists at work单元测
高三一轮复习英语Good Friends 测试题 1
Unit 25(新人教版)_初二英语试题
牛津英语高二模块五第三单元语法练习题及答案
高考英语第一轮复习Unit 9 课件
新课标高一英语必修3unit5 Canada-The True North课件
新目标八年级英语下册UNIT6练习试卷
初中英语Couldyoupleasecleanyourroom教案
八年级英语下第二单元周考试题
初二(15-17单元检测卷(新人教版)_初二英语试题
高中英语Unit 2The United Kingdom课件
初中英语Module 6 A Famous Story教案
新标准英语八年级下册期末复习(二)
初中英语第四册Unit 6 教案
新目标初二英语下册课件Unit3 Grade8
新目标八年级英语下册Unit7 reading课件
初二英语第二学期期中试卷
八年级英语下册Unit3基础练习题
初二英语下学期期末试卷6
高中英语必修二词汇测试卷
初中英语Module 2 Spring Festival教案
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |