However, the marginal cost of labor will be greater than the wage for any number of workers more

than one because hiring more than one worker requires paying a higher wage rate for both the new

worker and all previous hires. A monopsony will hire workers up to the point where its demand for

labor equals the marginal cost of additional labor.

9. a. Firms have a profit incentive to sell to everyone, regardless of race, ethnicity, religion, or gender.

b. A business that needs to hire workers to expand may also find that if it draws only from its accustomed

pool of workers—say, White men—it lacks the workers it needs to expand production. Such a business

would have an incentive to hire more women and minorities.

c. A discriminatory business that is underpaying its workers may find those workers leaving for jobs

with another employer who offers better pay. This market pressure could cause the discriminatory

business to behave better.
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