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
GMAT数学应考小技巧
GMAT数学概念和名词汇总(10)
GMAT数学辅导系列:整除特性和整数幂特性
GMAT数学高分的十个小技巧
GMAT数学概念和名词汇总(7)
GMAT数学高分解题技巧十条
GMAT数学概念和名词汇总(3)
GMAT数学必备词汇(6)
GMAT数学必备词汇(9)
GMAT数学必备词汇(3)
GMAT数学辅导系列:Percentile及其解法详述
GMAT数学必备词汇(4)
一步一个脚印踏向GMAT数学满分
GMAT数学概谈:注重推理能力
GMAT数学必备词汇(5)
GMAT数学概念和名词汇总(1)
GMAT答题策略及技巧:数据充分性问题详解
GMAT数学概念和名词汇总(4)
GMAT数学考点整理:整除
GMAT数学排列组合题的解题技巧
提高GMAT数学成绩策略指导
五大思想在GMAT数学解题中的运用
GMAT数学辅导系列:标准方差的总结
GMAT考试数学词汇整理(15)
GMAT数学辅导系列:圆形排列和条形排列总结
如何备考GMAT数学才能拿高分?
不得不看!GMAT数学满分心得
GMAT数学必备词汇(11)
GMAT数学辅导系列:独立重复性试验总结
GMAT数学需要熟记的几何名词
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |