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Concavity in production possibilities

Concavity (or bowed-out shapes) in production possibilities frontiers is described least fine by: (i) The law of diminishing returns. (ii) Resources being unevenly suited for various forms of production. (iii) Rising opportunity costs. (iv) Non-neutral advances in the production technologies. (v) Technologies which differ across various types of production.

Choose the right answer from the above options.

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