Section 1 introduces the First Rule of Labor Markets, which says that an employer or firm will not pay a worker more than the marginal revenue that the worker benefits.

1. Read the "Clear it Up: Do Profit Maximizing Employers Exploit Labor."
2. Explain how workers and employers benefit in a voluntary labor market (a market where both sides may enter and leave at their own discretion).
3. What issues might we run into from the profit-maximizing firm?