Suppose Argentina produces only two goods: corn and smartphones. The following graph shows Argentina’s current production possibilities frontiers, along with six output combinations represent by black points (plus symbols) labeled A to F.

Point A is inefficient.
Point B is efficient
Point C is efficient.
Pont D is unattainable.
Pont E is unattainable.
Point F is inefficient.
The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
Point outside the curve or to the right of the curve means that the production level is not attainable given the level of resources. Points inside the production possibilities frontier means that the nations resources are not being fully utilised. Points on the curve are efficient and attainable.
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