The product possibilities frontier is a graph that presents the different quantity of production of two goods that an individual, a firm, or a group of firms can produce efficiently with limited resources. The FPP explains the maximum rate of one product for any given rate of another product or for the mix of all other products, given the quantity of the ready-to-use input. Suppose there are only two goods produced in the country; smartphones and computers. If 20 smartphones were produced using available resources such as human capital, land and capital, and soon the economy produced zero quantity of computers. Therefore, 20 Smartphones is the maximum number that the economy is capable of producing or manufacturing. On the other hand, if the country is dedicated to producing, using available resources, only 85 computers, then no smartphone will be produced. As resources are scarce, the production of smartphones and computers is limited. Let's use a graph to explain how the product possibilities curve works. (See page 3.) If we move from R to W in the graph, we can do this ...