Question

4. Jason is the captain of a group called Dance Dance Resolution. The group can use its resources to either teach hip-hop and/or jazz dance. If they use all their resources to teach only hip-hop classes, they could teach 20 classes. If they use all their resources to teach only jazz classes, they could teach 30 classes. Currently, they use all their resources to teach 10 hip-hop classes and 18 jazz classes. (7 pts.) a. Draw the production possibilities frontier for Dance Dance Resolution. Label both axes, identify the intercepts for X- and Y-axes, and identify the current level of production. b. Jason is debating about cutting back the number of jazz classes they teach while still teaching 10 hip-hop classes. He knows you're taking an economics class, so he asks for your advice. What should you tell him? c. If the group wants to increase the number of hip-hop classes to 15, they have to reduce the number of jazz classes they teach to 10. Calculate the opportunity cost of teaching one more hip-hop class.

Answer 1

Jazy dance - 30 , hip hop closes = 20 Currently 10 hip hop & 18 Jazz classes Jazz dance 30t (108) » ше hop 20 Reducing Jazz classes keeping Hip Hop=10 will reduce utility Hip hop = is, sazo decrearly to to. Jazz opp cost of I hiphop AH If Jazz =25, Hip hop=5 opp cost of Jazz - 3 h = -0.714 Hip hop c) Apr willshift outward from Hip-Hop axis