Explain marginal revenue productivity theory, HR Management

Assignment Help:

Question 1:

i) Using the marginal revenue productivity (MRP) theory explain how wages are determined under both perfect and imperfect competition?

ii) Consider a firm is a monopsonist in the labour market it hires. Its MRP of labour is 14 - L and the wage rate is W = 2 + L. How much labour the firm will hire and what wage rate it will pay?

Question 2:

"Profit-maximizing firms lack incentive to provide job safety, and consequently, the government must intervene legislatively to protect workers against the unsafe working conditions that will surely result." Determine this statement.

Question 3:

"Trade unions tie the hands of management and inhibit efficient decision making." How far do you agree?

Question 4:

Write short notes on any three of the following. (Each part carries equal marks).
i) Female participation rates
ii) Determinants of demand for labour
iii) Occupational licensure
iv) Effects of minimum wage law on a competitive labour market


Related Discussions:- Explain marginal revenue productivity theory

Illustrate the cause of the grievances, Q. Illustrate the cause of the grie...

Q. Illustrate the cause of the grievances? Calhoon observes, "grievances exist in the minds of individuals, are produced and dissipated by situations, are fostered or healed by

Importance or benefits of the human resource development, Importance or ben...

Importance or benefits of the human resource development: 1. People are major assets and that an organization can make full utilization of the individual potential by providin

Describe the different types of hr strategies, Question 1: The HR pract...

Question 1: The HR practitioners role are numerous and diverse. (a) Describe in detail the various roles of a human resource practitioner. (b) Using a model with which yo

Record of breakages, Record of Breakages : Misuse of stock is generally ...

Record of Breakages : Misuse of stock is generally concerned with breakages and these usually involve glassware although all types of stock can be included. A book is useful for

Selection, selection as a tool of socialization in an organisation

selection as a tool of socialization in an organisation

Briefly explain a few theories of motivation, Question 1: (A) Define Le...

Question 1: (A) Define Leadership. (B) How has the behavioural theory tried to explain leadership in organizations? (C) Write an account on the Path-Goal theory of Leadership

Caselet, Trust them with knee-jerk reactions," said Vikram Koshy, CEO, Delt...

Trust them with knee-jerk reactions," said Vikram Koshy, CEO, Delta Software India, as he looked at the quarterly report of Top Line Securities, a well-known equity research firm.

Challenging task for manager in a multinational organization, Question 1: ...

Question 1: To face the challenges of HRM in an international context, Managers need to possess certain indispensable skills. (a) Which skills would you consider as the most

Leadership and performance, Q. Leadership and performance? In the last ...

Q. Leadership and performance? In the last few decades much attention has been given to theories of leadership in the organizations. Leadership is considered to have a major in

Selection, What is dicrete selection process

What is dicrete selection process

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd