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

Statistics, pros & cons of HR statistics

pros & cons of HR statistics

Show goals of job design, Q. Show Goals of job design? 1. To meet the o...

Q. Show Goals of job design? 1. To meet the organizational requirements such as higher productivity, operational efficiency, quality of the product or service etc, and 2. To

HR., discuss the social security measures available to workers in india

discuss the social security measures available to workers in india

300, MinPart 1: Identify four potential roles of human resources representa...

MinPart 1: Identify four potential roles of human resources representatives within an organization. Create a Mind Map or infographic that summarizes 7 to 10 characteristics or res

Least cost selection (lcs) of consultant, Least Cost Selection (LCS) In...

Least Cost Selection (LCS) In the previous section you learnt that FBS is used when the budget is fixed hence the consultant who has submitted the highest ranked proposal withi

Approaches to note taking, Approaches to note taking: Whichever approa...

Approaches to note taking: Whichever approach you adopt, there are a number of key elements to note taking. You need to: ¨ pick out key points - the author's main ideas and

benefits of carrying out performance appraisal, What are the benefits of c...

What are the benefits of carrying out performance appraisal in organisations

What do you mean by job description, Q. What do you mean by Job description...

Q. What do you mean by Job description? Meaning & definition: a job description (JD) is a written statement of what the job holders does, how it is done under what conditions i

Identifying the common hazards, To carry out, unaided, a safety inspection ...

To carry out, unaided, a safety inspection of a workplace, identifying the more common hazards, deciding whether they are adequately controlled and, where necessary, suggesting app

Importance in Health care management, why HRM is important in Health care m...

why HRM is important in Health care management and what is HRM''s role?

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