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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
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examine the general overview of jp morgan''s hiring Chinese princelings becomes a royal pain.
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Comparison b/w time rate system and piece rate system: 1. In time wages, time is the basis of payment whereas in the piece wage quantity of the work is the basis of payment.
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Define the Positive communication climate? Created when people feel valued. People can interact confidently and courteously. Because of goodwill that follows, relation
Define Emotional Response and Systems for Communication Process? Emotional response If the person is highly emotional about the topic because of anger, fear
Effective Human Resource management depends upon sound reward system.
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