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
玩游戏记英语四级单词:Level up升级
玩中记英语四级单词211
跟我背CET4核心词汇:environmen
跟我背CET4核心词汇:sexual
跟我背CET4核心词汇:omit
玩中记英语四级单词212
玩中记英语四级单词205
跟我背CET4核心词汇:enthusiasm
跟我背CET4核心词汇:geology
玩游戏记英语四级单词:Earth Spiri大地之灵
玩中记英语四级单词223
玩中记英语四级单词213
玩中记英语四级单词222
跟我背CET4核心词汇:burden
跟我背CET4核心词汇:principle
跟我背CET4核心词汇:repetition
跟我背CET4核心词汇:decorate
跟我背CET4核心词汇:resume
玩中记英语四级单词204
跟我背CET4核心词汇:simplify
跟我背CET4核心词汇:sorrow
跟我背CET4核心词汇:marvelous
跟我背CET4核心词汇:algebra
跟我背CET4核心词汇:geometry
跟我背CET4核心词汇:stuff
玩中记英语四级单词206
跟我背CET4核心词汇:temporary
跟我背CET4核心词汇:simplicity
跟我背CET4核心词汇:arithmetic
背CET4核心词汇314
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |