Exercise 1 (Unit 3) Ceteris Paribus AssumptionIn such a study, the size of the classroom should be kept constant. This is because the size of the classroom could affect the numeral values with regard to average final grade. Also, the content being taught should be kept constant. This is to reduce the chance of hard and easy material.Exercise 2 (Unit 3) Your Production Functiona)The use of an alarm or scheduler. The use of an alarm that notifies the student that it is timeto study may be effective in improving the number of hours dedicated to study and therefore positively influence the marks gained. Also, the availability of lighted hours may increase the number of hours that the student is able to study.b)The optimal choice of free time may decrease as technology is put into play since there is sufficient facilitation of the conditions necessary to improve study habits. The peers might as well acquire those tools and improve their hours of study.c)Exercise 3 (Unit 3) Long term leisurea)Due to technological improvements that led to reduction of the role of work as well asthe impact of travel hours on work hours, individuals experienced a reduction on the number of hours at work hence more discretionary hours.b)
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