Microeconomic Essay Example | Topics and Well Written Essays - 1500 words

Microeconomic - Essay Example This academic paper will be focused on the logic behind warranties as signal of quality as well as what limits the attractiveness of warranties as signals for high-quality firms. Grossman (1981) argued that indicating enhanced efficient functioning of a perfectly competitive market in a situation where there is information deficiency. Warranties offered by most production companies are considered common types of signal sent by high-quality production companies. This is at reducing consumer’s quality doubt and information gaps in the product’s quality. Quality has been used to refer to observable and unobserved product characteristics in terms of product performance and durability. The common assumption is that firms producing low-quality products find it very expensive to offer a warranty. This product assumption makes offering of product warranty a credible signal of unobservable product performance and durability among many other features. In the production industry, product failures are highly linked with product quality and workmanship hence the cost of offering the warrant will be higher for poor quality products. As a result of innovation and technological advancements, the information asymmetry between consumer and manufacturer is great. This comes about due to an increase product modifications and releases on an annual basis. In the situation of new products, consumers have very little information on product information and quality due to the unavailability of past experiences and third party reviews. The injection of costly warranties in asymmetric information implies that warranties serve as pertinent projections of product quality in the production sector. The primary objective of all businesses remains profit-making through cost minimization and revenue maximization. In case the producers manufactured goods with high chances of product failures, they will be forced to incur high costs through repair and repl acement which will

Orthopedic and Musculoskeletal Disorders Essay Example | Topics and Well Written Essays - 750 words

Orthopedic and Musculoskeletal Disorders - Essay Example These children need a lot of moral support from family, and teachers should give proper counseling to students and should be sensitive towards the needs of such children with orthopedic disorders. It is very necessary that every school has a screening test for all students to detect scoliosis; teachers should especially take care of female students with scoliosis, as these children have a low body mass index and low weight. Children will also be scared of being called a scoliotic, which might have a negative effect on them, therefore it is the responsibility of the teachers to take proper care of such children and give them proper counseling to make them stronger to face such situations. Teachers of students suffering with certain limb deficiencies could try to pair such children with other students without any deficiency, so that they could help the other children during their lab classes or other practical classes which needs his involvement, in return a student with a deficiency could probably help another student who is poor in Math's might be. Whereas some children might need assistance in being mobile for example in going to the restroom or might need help while eating. Proper planning needs to be done to face such situations and certain techniques can be adopted to find out who will help such students in using the restroom or to follow a certain technique for eating. (http://books.google.com/booksid=ShVMgwSqFCgC&pg=PA598&lpg=PA598&dq=how+can+a+teacher+help+students+with+limb+deficiency&source=web&ots=G1_khw8Q5O&sig=fY20zNgN5OPM0QsvKiyFdg9ugS0#PPA598,M1). Teachers need to implement certain strategies in teaching these children, by introducing the children to phonics or, instead of such children writing, they could be asked to use the computer which would be much easier for them. The teacher should be in a position to assess such children on the basis of their response in the classroom. Teachers should also have the tact to execute certain strategies to encourage communication between her and the child. Students suffering from such orthopedic disorders might have poor motor skills, poor communication with the teacher, and inadequate practical experience in the subject, which leads to psychological problems. Teachers who have a specialization in orthopedic impairment should be appointed to teach such children, it will be helpful to the students if teachers adopt a certain strategy to teach such children, the tests or lessons can also be modified by the teachers, so that it Orthopedic and Musculoskeletal Disorders would be easier for a student with impairment to follow. Such students require assistance in their regular classes and during assignments and tests. (http://education.gsu.edu/PhysicalDis/new/article/inserv.htm) Children suffering with rheumatoid arthritis may experience severe pain in the joints, along with fever, rash and stiffness, which might make the child go through severe stress and depression.