Biomedical Instrumentation

Archive for November, 2009

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Dear friends! Real cost refers to payment made to the factors of production to compensate for the toil and efforts in rendering their service. Real cost is computed in terms of the efforts and exertions undergone by for labor when it is engaged in production. It is also measured by the sacrifice the capitalist classes have made to save the requisite amount of capital. It is a subjective concept and lacks precision. Real cost do not carry much significance in the case of production of a firm. In reality real costs do not equal money expense in production. The sacrifice involved in the use of human resource and capital belong to different categories. It is therefore necessary to find out a common measuring unit has been formulated. The different concepts of costs given in this section convey different meanings and each one is employed as a tool to analyses a particular economic problem. The concept of cost which is most important and more often employed by an economist is economic cost.

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If we consider the human body as a building, the skeleton is the frame work. It proves the mechanical stability. It protects the delicate organ. The skeletal also contains bone marrows [normally the blood cells are formed in the bone marrows]. The skeletal system will act as the reservoir for calcium and phosphorus. The skeletal bones are enclosed by a membrane called periosteum, from which new bones are formed in the healing of fractures. The skeletal is divided in to cranium skull, pelvis, and foot bones. The friction in the joints is reduced by the smooth articular cartilage present in the skeletal system.

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The sounds and murmurs from the heart can be picked up from the chest using a stethoscope. The conversion of heart sounds into electrical signals can be done by condenser microphone. The sounds from the heart are termed as phonogram or phonocardiogram and the instrument used to measure the heart sounds is called as phonocardiograph. The technique of listening to sounds produced by the organs and vessels of the body is called as Auscultation.

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Pricing fixation is the basis for generating revenue to a business firm. A firm depends largely on the correct pricing decisions taken by the management for its successful existence. Pricing is actually guided by considerations of cost plus pricing and the policies of public enterprises. There exists price leadership concept and non-price competition. The price system touches upon several aspects of managerial economics aids and guide the managers to take a wise decision. The important areas dealt under this section are price determination under various market forms, pricing policies, pricing methods and price forecasting. Business people do not delve in to the abstract fineness of marginal analysis development by economic theory is practice; they follow some kind of practical rules of the thumb method for pricing.