Inspired by the works of John Singer Sargent, you decide to learn how to paint watercolor. Towards this goal, you enroll in an art school called the Boston Watercolor Academy. Tuition is about $2000 per year, you learn. This includes all the sketching and watercolor supplies that you will need during the school year. Learning that the Academy has approximately three hundred students in the Greater Boston area leads you to the realization that this art school must be buying a whole lot of art supplies for the students. After asking around, you identify the person in charge of procurement for the Boston Watercolor Academy. She agrees to meet with you face to face to discuss the Academy's purchasing practices. She explains that every student enrolled in the Academy receives sketching supplies, a porcelain palette, three brushes, watercolor paper and watercolor paints, both in tubes and in pans. As she describes this, she asks for your advise. Part 1 Because watercolor students use sketching only as a preliminary step to painting a watercolors, they do not require much in terms of sketching supplies. You learn that the students receive the very basic: a few HB and B pencils (worth less