When a good is sold in a perfectly competitive market, the marginal revenue product of labor used to make that good can be computed by:
a. multiplying the price of the output by the wage paid to labor.
b. multiplying the price of the output by the marginal product of labor.
c. multiplying the wage paid to labor by the marginal product of labor.
d. multiplying the price of the output by the total product of labor.
e. dividing the marginal product of labor by the price of the output.

Alarge university wanted to study the relationship between completing an internship during college and students' future earning potential. prom the same graduating class, they selected a random sample of 80 students who completed an internship and 100 students who did not complete an internship and examined their salaries five years after graduation. they found that there was a statistically higher mean salary for the internship group than for the noninternship group. which of the following interpretations is the most appropriate? a. there could be a confounding variable, such as student major, that explains the difference in mean salary between the internship and no internship groups.b. we cannot infer anything from these data since the distribution of salaries is likely right skewed.c. you cannot draw any valid conclusions because the sample sizes are different.d. more students should complete internships because having an internship produces a higher salary.