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Relation between TP and MP:
Graphically, given the total product curve, MP is the slope of the tangent at any point on the TP curve. This is shown in Figure.
See that
Relation between TP and AP
Given the TP curve, AP is the slope of a ray from the origin to any point on the TP curve.
A Period of Deterioration: The entire period was very difficult for India's BOP, partly because of slow growth of exports in relation to import requirements and partly because
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