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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
Q. Explain the Recruitment process? Recruitment process: Recruitment is a process consisting of various activities, through which search of prospective personnel both
IDENTIFY AND ANALYZE SIX GROUPS OF STAKEHOLDERS IN THE BUSINESS
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how to select candidate refer with islamic principles
What are the increase effects factors of indiscipline? Effects of indiscipline increase in the following factors: a. Absenteeism: Absenteeism on the part of workers that c
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What is the Attribution Theory? The Attribution Theory was given by Fritz Heider. It is a method that can be utilized for analyzing how people distinguish the behavior of them
Question: (a) A new manager complains to you that she is unable to get her team to do what she tells them to do. Show how an understanding of both power and leadership might be
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