Chapter 9, Problem 9.3P

a)

To determine

To explain:

Quantity of input to be hired and cost of renovation project.

b)

To determine

To identify:

Quantity of input to be hired and cost of renovation project when marginal productivities are equal.

c)

To determine

To find:

Number of tools to be purchased.

d)

To determine

To find:

Reason to stick on original stool plan.