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

Discovering career strategy, Q. Discovering Career strategy? Discoverin...

Q. Discovering Career strategy? Discovering in order to manage job search successfully and attain career goal of meaningful employments employee must first conduct a self asses

Objective of performance review, Q. Objective of Performance review? Pe...

Q. Objective of Performance review? Performance review: performance objectives provide feedback about the staff members performance with respect to competencies in several key

Fundamentals of research, Fundamentals of Research: Aim and process ...

Fundamentals of Research: Aim and process The first step in deciding any aspect of your research design is to consider the purpose of your enquiry. What are you trying to

Strategies adopted in single gender classes, Major "intervention" strategie...

Major "intervention" strategies adopted for single gender classes include, "pedagogical approaches, individual, organizational and socio cultural approaches" (Younger and Warrigton

Show the factors which can affect the planning process, Question 1: Ove...

Question 1: Overstaffing is wasteful and expensive, if sustained, and it is costly to eliminate because of modern legislation in respect of redundancy payments, consultation, m

Job pricing, In February 19_8, Randy White, president of XYZ Corporation (X...

In February 19_8, Randy White, president of XYZ Corporation (XYZ), had just received two requests for a price on two of their marble products. The first request was from a nearby c

Define the term human resource accounting, Question 1: (a) Define the t...

Question 1: (a) Define the term Human Resource Accounting (HRA). (b) What are the objectives of HRA? (c) What are the different ways of controlling costs of manpower? (d) Elab

Problem, Q6. Ms. Swapna is the HR Manager of ABC Pvt Ltd. She wants to ensu...

Q6. Ms. Swapna is the HR Manager of ABC Pvt Ltd. She wants to ensure that employee discipline is well maintained. What are the important principles that have to be observed in the

E, Identifies 3 users of HR services internal to your organisation and for ...

Identifies 3 users of HR services internal to your organisation and for each of them at least 2 key needsd#

Essential characteristics of a good wage payment system, Essential characte...

Essential characteristics of a good wage payment system: the system of wage payment should be such that it is acceptable and beneficial to both management and workers. Such a syst

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