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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
Recruitment and Selection Recruitment is the procedure of locating and encouraging potential applicants to apply for present or anticipated job opening. The selection procedur
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Effective hrm depends upon sound reward system
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Discuss in scholarly detail what managers can do to increase the probability that ethics training influences organization members to act ethically over time?
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Problem 1: (a) How to define "unemployment"? What are the different kinds of unemployment? (b) Analyse the consequences of unemployment. (c) To what extent do you agre
what are the importance of compensation?
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