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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
Question 1: Jeffrey Pfeffer (1998) wrote in his article on ‘Six dangerous myths about pay' in the Harvard Business Review: ‘People do work for money - but they work even more f
Purposes and uses of evaluation: Evaluation is a systematic process to determine the worth, value, or meaning of an activity or process. In a broad case, evaluation is underta
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Discuss that technological breakthrough has brought a radical changes in HRM
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