A production possibilities curve graph shows every possible production combination between two goods that fully utilizes the available resources. One good is placed on each axis, but it is not important which axis it is placed on.

Point A: All resources are dedicated to the production of wooden furniture.
Point B: All resources are dedicated to the production of olive oil.
Point C: W1 tonnes of wooden furniture are produced along with O1 liters of olive oil.
Point D: W2 tonnes of wooden furniture and O2 liters of olive oil are produced.
point E: This point is beyond the production possibility curve and lies outside the productive capacity of the economy, so it is currently unattainable.
Point F: This point is within the production capacity of the economy, so the production of both olive oil and wooden furniture can increase without any opportunity cost as some factors of production are currently not being used.

THE END

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