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

Evaluate the effectiveness of a team, Evaluate the effectiveness of a team,...

Evaluate the effectiveness of a team, and team work. Identify the monitoring evaluation and control methods used in your selected organization and explain the techniques used to

Observation - methods of collecting qualitative data, Observation: In ...

Observation: In observation, you are concerned with recording what people do and say. The aim is to come as close as possible to an understanding of "real life". There are thr

1. “Borderless world, 1. “Borderles...

1. “Borderless world, Diversity Management, and Knowledge power, are some of the overarching factors being encountered by the Human Resource Mangers of 21st century business wo

Explain the formats of resume, Explain the Formats of Resume? Chr...

Explain the Formats of Resume? Chronological - focus on the past employment history beginning with the most recent job, reveal education and experience record. People wit

Discontinuation of job, Respected sir I am writing this letter to my fri...

Respected sir I am writing this letter to my friend.He has been working in an organization, and in probation . Due to some emergency reasons he had to go to his country. company

What is a presentation - oral presentation skills, What is a presentation? ...

What is a presentation? an opportunity to communicate - view, idea to an audience In business, we make presentation to   (i) Bosses (ii) New employees (

Recruitment and training of sales professionals, Question: (a) The im...

Question: (a) The importance of sales objectives is to give the sales person goals. This helps ensure that corporate goals are met and assists sales force members to plan and

Why do performance management initiatives fail, Question 1: Describe th...

Question 1: Describe the difference between Personnel Management and Human Resource Management? Why is knowledge of this distinction important to a manager? Discuss your

Challenges that can be faced in the Human Resource f, #quest. Critica...

#quest. Critically examine the challenges that can be faced in the Human Resource function of selection in an organisation.ion..

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