How does a production possibility chart assist in outlining opportunity cost?

The production possibility chart/frontier assist in outlining opportunity cost as it compares the production cost of one product to another. The purpose of this curve/chart/frontier is to show the different combinations/mixture of two goods that are produced by the given resources.

Assumptions of production possibility frontier;

1.A certain amount of resources is given.

2.Full and efficient use of available resources has been done.

3.Change in technique.