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
英语美文 I Love You, Mom
哥哥的心愿
一本好书一个最好的朋友
有关友谊的名人名言
Magical coat
天才在工作
企业价值观不能计算
iPad Mini难以再为苹果创造奇迹
有关自信的英语名人名言
我将永远爱你
最美丽的心
于不完美中求得人生的完整
报告:中国信托业规模或将超过保险业
读钱钟书的三封英文信(三)
新规则下的人力资本宣言
关于学习的英语名人名言
Eat Better To Keep Fit 吃出健康,吃出美丽
黑客公布一批苹果移动设备用户数据
英语课堂游戏:抢答字母组
关于时间的英语名人名言
Picasso And Me 毕加索和我
伦敦奥运香港选手韦汉娜
京东商城开通英文网站 开拓西方市场
奥哈拉给女儿的信
什么是成功What's success
手
英语课堂游戏:宾狗(Bingo)
开曼群岛拟摆脱“避税天堂”名声
英语课堂游戏:看病
关于亲情的英语名人名言
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |