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
2017届高考英语一轮复习考点全接触:section 13 阅读补全(七选五)(含解析)
2017届高考英语牛津版一轮复习语法考点专练课件:6 名词、冠词和代词
2017届高考英语一轮复习考点全接触:section 10 名词性从句(含解析)
2017届高考英语牛津版一轮复习语法考点专练课件:4 定语从句
2017届高考英语牛津译林版一轮复习考点集训:13句子的种类(含答案)
2017届高考英语一轮复习考点全接触:section 3 介词和介词短语(含解析)
2017届高考英语牛津译林版一轮复习考点集训:选修9 模块综合检测(含答案)
2017届高考英语一轮复习考点全接触:section 9 并列句和状语从句(含解析)
2017届高考英语牛津译林版一轮复习考点集训:14名词性从句(含答案)
2017届高考英语一轮复习考点全接触:section 16 短文改错(含解析)
2017届高考英语一轮复习书面表达专项通关:思路点拨
2017届高考英语一轮复习书面表达专项通关:高级词汇、句型及名句
2017届高考英语一轮复习(专题攻略)之时态语态:现在进行时(含解析)
2017届高考英语牛津版一轮复习语法考点专练课件:2 非谓语动词
2017届高考英语一轮复习考点全接触:section 2 代词(含解析)
2017届高考英语牛津版一轮复习语法考点专练课件:5 名词性从句
2017届高考英语牛津版一轮复习语法考点专练课件:7 形容词和副词
2017届高考英语牛津版一轮复习语法考点专练课件:8 介词和动词词组
2017届高考英语一轮复习考点全接触:section 7 情态动词和虚拟语气(含解析)
2017届高考英语牛津译林版一轮复习考点集训:必修1 模块综合检测(含答案)
2017届高考英语一轮复习书面表达专项通关:高考评分标准解读
2017届高考英语牛津译林版一轮复习考点集训:16状语从句(含答案)
2017届高考英语一轮复习考点全接触:section 4 形容词和副词(含解析)
2017届高考英语牛津译林版一轮复习考点集训:12句子的类型(含答案)
2017届高考英语牛津译林版一轮复习考点集训:必修3 模块综合检测(含答案)
2017届高考英语牛津译林版一轮复习考点集训:17倒装句(含答案)
2017届湖北省黄冈市高考英语阅读理解二轮精练:2(含解析)
2017届高考英语牛津版一轮复习语法考点专练课件:1 动词的时态和语态
2017届高考英语一轮复习考点全接触:section 17 书面表达(含解析)
2017届高考英语一轮复习书面表达专项通关:命题探究
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