· How your organization’s production function is related to its marginal product of labor.
Select an organization with which you are familiar or an organization where you work.
Develop a 15- to 20-slide Microsoft® PowerPoint® presentation to be presented to the CEO’s executive committee that addresses how your chosen organization determines what quantity of labor to demand and what events could shift the demand and supply of that labor.
Explain the following in your presentation:
· How your organization’s production function is related to its marginal product of labor.
· How your organization’s marginal product of labor is related to the value of its marginal product.
· How your organization’s marginal product is related to its demand for labor
· Include detailed speaker notes in the presentation.
· Examples of events that could shift the demand or supply of labor and why they do so.
· Reasons a worker’s wages might be above the level that balances supply and demand.
· An analysis of the impact that government policies addressing income inequity and poverty could have on labor demand or supply.
Cite a minimum of three peer-reviewed sources not including your textbook.
Format your presentation consistent with APA guidelines.
Week 4 requires the student to analyze the markets for the factors of production—labor, land, and capital—using the concept of derived demand. Students will use the marginal productivity of labor to explain why there is a wide variation in wages in the real world and what determines the supply and demand for various types of labor. Students will address income distribution, policies used by government to alter income distribution, and the impact these policies have on labor supply and demand.
Grading Guide
Content
Met
Partially Met
Not Met
Comments:
Students selected an organization their team is familiar with or an organization where a team member works.
Students explained how their organization’s production function is related to its marginal product of labor.
Students explained how their organization’s marginal product of labor is related to the value of its marginal product.
Students explained how their organization’s marginal product is related to its demand for labor.
Students provided examples of events that could shift the demand or supply of labor and explain why they do so.
Students explained reasons a worker’s wages might be above the level that balance supply and demand.
Students provided an analysis of the impact government policies addressing income inequity and poverty could have on labor demand or supply.
Presentation consists of 15 to 20 slides and is appropriate for the audience.
The presentation included relevant media and visual aids that are consistent with the content.
Total Available
Total Earned
3
#/3
Writing Guidelines
Met
Partially Met
Not Met
Comments:
The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements.
Intellectual property is recognized with in-text citations and a reference page.
Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper.
Sentences are complete, clear, and concise.
Rules of grammar and usage are followed including spelling and punctuation.
Total Available
Total Earned
2
#/2
Assignment Total
#
5
#/5