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
国内英语资讯:Hainan to offer visa-free access to tourists from 59 countries
据说,这些东西都能影响你的情绪
一粒药丸三层包装?“过度包装”遭网友吐槽太污染、太浪费
国内英语资讯:Xinhua Headlines: China plans to build Hainan into pilot free trade zone
“柠檬脸挑战”在外国火了,这项挑战与这种疾病有关
习近平在十三届全国人大一次会议闭幕会上的讲话
2018年6月英语四级作文模板:表示数量
Making Dumplings 包饺子
国际英语资讯:Brazils Lula leads presidential polls despite imprisonment
如何用英语表达犹豫不决,徘徊不定?
About Reading 关于读书
国内英语资讯:China calls for calm and restraint over Syria
2018年6月英语四级作文模板:表示措施
2018年6月英语四级作文模板:表示变革
你知道吗? 我们超过一半的身体不是人类!
Out of the loop “搞不清状况”用英语怎么说?
体坛英语资讯:Klinsmann: Argentina World Cup favorites, Loew could be open for top club jobs
世界首例 法国男子“二度换脸”
An app to calm you down 聊天机器人为你提供心理咨询服务
女子时隔60年收到自己母亲寄的明信片
国内英语资讯:China-Serbia economic forum focuses on investment potential
用13个单词写一段爱情故事
党中央国务院发布海南全面深化改革指导意见
星巴克陷种族歧视风波!官方都出来道歉了!
“柠檬脸挑战”在外国火了,这项挑战与这种疾病有关
世界首例 法国男子“二度换脸”
国际英语资讯:Massive demonstration against Orban in Budapest
体坛英语资讯:Curry, Golden State Warriors top NBA merchandise sales
维持婚姻幸福感的关键是啥?
朴槿惠放弃对其24年刑期判决提出上诉
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |