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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
Labour Laws The major objective of the regulative legislation is to control the relations among employees and employers and to provide for technique and manners of settling in
Define The format of Memorandums? - A memorandum should contain these important details: The sender's name( and job title, if appropriate) The receiver's na
objectives of job design
Define Attending and Chairing Meetings? Enables everyone to contribute points of view so that relevant information can be presented. Before the meeting:
Disadvantages of selection as a human resource management
HR management depends on sound reward sustem explain
Karen Lavale, the Human Resource Manager of Mika Ltd, recently called a meeting with Vik Shah, the Marketing Manager, in view of clarifying some issues which she deemed important.
what is maintenance of human resources?
evaluate guest model in relationship to today''s organizations
as a facilitator or organizer
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