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
KEYS: CABCA CDABD BCCAB
江苏省泰兴河失中学2011届高三英语模拟试题
高二英语下册unit10 reading课件
九年级英语教案unit14 Have you packed yet
鲁教版初中英语Unit8 Loud music makes me tense单元检测题
译林牛津九年级英语下册Unit3 Asia Grammar教案
安徽省皖东南初中三校九年级英语下学期试题及答案
高二英语下册倒装句ppt课件
黄冈高考模拟英语试题
冀教版初三英语下册教案Unit6 Get Ready for Jobs Lesson46
高三英语Unit 6课件
2012年湖北枣阳市中考英语适应性考试试题及答案
高三英语Unit9 language points课件
2012年宁波市海曙区初三英语毕业考试模拟试题及答案
杭州萧山临浦片九年级英语下册检测卷及答案
人教版高一英语上学期第十一单元测试
冀教版九年级英语下册Unit6 Get Ready for Jobs Lesson 47教案
2012年宁波市鄞州区初三英语毕业考试模拟题及答案
2012年宁波市江北区初三英语毕业考试模拟试题及答案
2012年苏州市高新区初三英语毕业模拟试题及答案
九年级英语下册Unit6 Lesson41 When Are You Free 教案
初三英语月考试卷
高中英语第四册Word Power 教案
译林牛津英语初三期中(Unit1--3)检测题
上海市闵行区初三英语下学期质量检测题无答案
九年级英语下册Unit6 Get Ready for Jobs Lesson44教案
初三英语期中考单项填空训练题及答案
2012年武汉市九年级英语五月调研考试题及答案
高中英语第二册Unit4 Reading课件
2012届湖北省武汉市武昌区高三英语5月调研试卷及答案
高考英语模拟试题 语法,完形填空
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |