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
国际英语资讯:Iran launches Mideast biggest energy exhibition
体坛英语资讯:FIFA lifts Lionel Messi international ban
湖北省武汉市部分重点中学2016-2017学年高一上学期期末考试 英语试题含听力 Word版含答案
2017年6月英语六级作文范文:一线城市工作利与弊
国际英语资讯:French voters brace for decisive round of presidential election
法杂志刊登凯特裸照 英王室索赔150万欧元
那些有关爱情的习语(一)
淘气的表妹 My Naughty Cousin
哪些大脑秘密,只有神经学家懂
完美的世界 The Wonderful World
2017年6月英语四级作文模板:应用写作型范文
如果一夜暴富,该如何处理这些钱?
马云联合国总部发言 互联网应为全世界所用
四川省成都七中2016-2017学年高一上学期期末模拟英语试题 Word版含答案
体坛英语资讯:Zambia to host first Africa Cup tournament for Chinese kung fu
国际英语资讯:Japanese govt examining deployment of cruise missiles in future: media
英语四级作文范文:人工智能
国际英语资讯:Former Brazilian president involved in corruption scheme: former Petrobras executive
甘肃省天水市秦安县高中2016-2017学年高一上学期期末考试英语试题Word版含答案
国际英语资讯:India successfully launches South Asia satellite
最新调查发现 微信正在改变人们的生活
伊万卡写了本女权主义的书,结果被女人狂喷
一滴血可“监测肿瘤”,已被批准临床使用
国际英语资讯:Pakistani, Afghan military officials agree to defuse border tension
美文赏析:一颗坚强的心,是生活中最重要的
博科娃总干事2017年世界图书日和版权日致辞
山东省临沂市某重点中学2016-2017学年高一12月月考 英语 Word版含答案
2017年6月英语四级作文模板:图表图画型范文
国际英语资讯:Hamas elects Haniya as new chief of Islamic movement
国际英语资讯:Indian Supreme Court confirms death sentence of 4 convicts in Delhi gangrape case
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |