exercise on production economy: intermediate microeconomics. The questions should ask the following questions (i) describe the set of production efficient factor allocations and illustrate them in a bowley box diagram (Describe the set of production efficient output allocation and illustrate the production possibility frontier in a diagram. (iii) Find the competitive equilibrium wage rate w, rental rate r, and allocations of factors and output goods for each rm, for any possible price pX > 0 of the output good X. And provide solutions step by step