Question Two Matlhongolo Limited produces and sells memory chips for computers. The industry is perfectly competitive. The chips are sold for BWP20.00 per unit. The company uses labour as the only variable input and pays a wage rate of BWP160. Labour Marginal Product (MP) Total Product (TP) Total Revenue (TR) Marginal Revenue Product (MRP) Labour is 1 2 3 4 5 6 7 Marginal product is19 17 15 12 10 7 5 - - - - - - - - - - - - - - - - - - - - - a) Calculate the total product (TP), total revenue (TR) and marginal revenue product (MRP) (9 marks) b) How many workers should be hired? (3 marks) c) Draw the marginal revenue curve. (8 marks) Micro economics