A human resource <u>inventory</u> of a business firm shows the demographics of the firm's labor force and whether it's technically up-to-date and thoroughly trained.
<h3>What is human resources management?</h3>
Human resources management (HRM) can be defined as an art that involves effectively and efficiently managing, controlling and improving the functions, number of employees (labor force), and activities that are being used by a business firm.
This ultimately implies that, a human resource <u>inventory</u> of a business firm should show the demographics of the firm's employees (labor force), and whether or not it's technically up-to-date, experienced and thoroughly trained, as an important part of human resource management.
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During the first hour of this stage, the nurse would assess the woman's fundus every 5 minutes.
<h3>What is Fundus?</h3>
This is referred to the internal structure of a hollow organ such as the uterus in this case. it is usually located at the bottom or the area which is located opposite the aperture of the hollow organ.
It should be checked every 5 minutes to measure the level of contractions and retractions which takes place in the uterus. This is done so as to know the right time for the fetus to be moved to the birth canal during labor of the pregnant female.
The fetus is then expunged to the vagina where the safe delivery of the baby takes place through the help of healthcare or experienced professionals.This is therefore the reason why the fundus should be checked at every 5 minutes interval.
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Based on the information given, the marginal cost of the price that should be paid is $250 per hour.
This is an incomplete information. From the complete information, the number of moving crew will be gotten where the marginal cost is equal to the marginal benefit and this will be at the 4th hour. Therefore, the <em>marginal cost</em> and benefit equal $250.
Therefore, one should hire movers for 4 hours. Therefore, based on the information given, the consumer surplus will be:
= $600 + $370 + $250
= $1220
In conclusion, the total consumer surplus for hiring a crew for<u> 4 hours</u> will be<u> $1220.</u>
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