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ECON3530 Labour Institutions: Labour and Management




Assignment Details:-

  • Course Code: ECON3530 
  • Course Title: Labour institutions 
  • Referencing Styles : Open
  • Words: 10000+
  • University: University of Windsor 
  • Country: CA


Question Discussion

  1. Discuss the difference between the HRM and the Industrial Relations approach to the study of Labour Institutions. (5 Marks)


  1. Illustrate and explain how we derive short-run demand for labour for a firm. Why can we not just horizontally sum all SR firm demand curves to get an SR market demand curve for work? (10 Marks)


  1. Utilizing isoquants and isocosts, derive the LR demand for labour for a firm. Your answer should involve a clear explanation of the substitution and scale effects. (10 Marks)


  1. Suppose that the market price for factors of production is:

W= $100/hr

R = $200/hr

Suppose as well that presently, the firm is producing Qo where MPL = 50 units/hr and MPK = 50 units/hr. Is this a cost-minimizing method of production? Illustrate and explain what the firm should do in this situation.