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

How may self-managed teams and groups be effective, Question 1: (i) Wh...

Question 1: (i) Why and how may self-managed teams and groups be effective? What makes them attractive and unattractive to management and to the individual employee? (ii)

The Collapse of Barings Bank, How was loss aversion apparent in Nick Leeson...

How was loss aversion apparent in Nick Leeson’s conduct? Explain. 2. Judith Rawnsley, who worked for Barings Bank and later wrote a book about the Leeson case, proffered three exp

Explain importance of effective human resource management, Question 1: ...

Question 1: Explain the importance of effective human resource management within the hospitality and tourism industry. How would you distinguish between personnel management a

Human resource management, discuss the social security measures available ...

discuss the social security measures available to workers in india

What are the barriers to effective listening, Question 1: Explain comm...

Question 1: Explain communication process model and discuss how people reading or hearing the same message can disagree on its meaning. Question 2: Answer briefly to

Maslow''s need hierarchy , Given below is the HR policy glimpse of the "VA...

Given below is the HR policy glimpse of the "VARK-LEARNING" a learning and  training solutions company 1. It offers cash rewards for staff members 2. It promotes the culture

What do you mean by reduced industrial unrest, Q. What do you mean by reduc...

Q. What do you mean by reduced industrial unrest? Reduced industrial unrest: industrial conflict is a struggle between two organized groups which are motivated by the belief th

HR Management, If you are working in a super market, what techniques/ tools...

If you are working in a super market, what techniques/ tools you will use in data collection. How are you going to analysis the data and make inferences? How will you finally apply

Case studies and handling qualitative data, Case Studies and Handling Quali...

Case Studies and Handling Qualitative Data: Much research in the social sciences is conducted through case studies, and it is very likely that you will be using a case study a

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