Explain how the basic concept of marketable permits or ‘cap-and-trade” can be applied to regulate fisheries and air pollution emissions. What is the meaning of a ‘cap’ in the context of regulating a fishery and an air pollutant? How would potential future changes in the cap influence the price of permits and the viability of the permit market? How would a regulator’s objective in setting a cap be different for a fishery compared to an air pollutant? What determines whether permits will be traded in the fishery or for the air pollutant and does it matter if there are restrictions on the type and number of trades that can occur?
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Explain how the basic concept of marketable permits or ‘cap-and-trade” can be applied to regulate fisheries and air pollution emissions.
What is the meaning of a ‘cap’ in the context of regulating a fishery and an air pollutant?
How would potential future changes in the cap influence the price of permits and the viability of the permit market?
How would a regulator’s objective in setting a cap be different for a fishery compared to an air pollutant?
What determines whether permits will be traded in the fishery or for the air pollutant and does it matter if there are restrictions on the type and number of trades that can occur?
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- Natalie Koebel spent much of her childhood learning the art of cookie-making from her grandmother. They passed many happy hours mastering every type of cookie imaginable and later creating new recipes that were both healthy and delicious. Now at the start of her second year in college, Natalie is investigating various possibilities for starting her own business as part of the requirements of the entrepreneurship program in which she is enrolled. A long-time friend insists that Natalie has to somehow include cookies in her business plan. After a series of brainstorming sessions, Natalie settles on the idea of operating a cookie-making school. She will start on a part-time basis and offer her services in people’s homes. Now that she has started thinking about it, the possibilities seem endless. During the fall, she will concentrate on holiday cookies. She will offer individual lessons and group sessions (which will probably be more entertainment than education for the participants).…The Carlson Department Store suffered heavy damage when a hurricane struck on August 31, 2013. The store was closed for four months (Sept – Dec 2013) and Carlson is now involved in a dispute with its insurance company concerning the amount of lost sales during the time the store was closed. Two key issues must be resolved: The amount of sales Carlson would have made if the hurricane had not struck; and Whether Carlson is entitled to any compensation for excess sales from increased business activity after the storm More than $8 billion in federal disaster relief and insurance money came into the county, resulting in increased sales at department stores and numerous other businesses. The table below shows the sales data for the 48 months preceding the storm. The following table reports total sales for the 48 months preceding the storm for all department stores in the county, as well as the total sales in the county for the four months the Carlson Department Store was closed. Management…The Carlson Department Store suffered heavy damage when a hurricane struck on August 31, 2013. The store was closed for four months (Sept – Dec 2013) and Carlson is now involved in a dispute with its insurance company concerning the amount of lost sales during the time the store was closed. Two key issues must be resolved: The amount of sales Carlson would have made if the hurricane had not struck; and Whether Carlson is entitled to any compensation for excess sales from increased business activity after the storm More than $8 billion in federal disaster relief and insurance money came into the county, resulting in increased sales at department stores and numerous other businesses. The table below shows the sales data for the 48 months preceding the storm. The following table reports total sales for the 48 months preceding the storm for all department stores in the county, as well as the total sales in the county for the four months the Carlson Department Store was closed. Management…
- Emily works for a small software company and oversees software quality assurance. The company recently developed an inventory control system for a national clothing manufacturer. The system gathers sales information on an hourly basis from clothing retailers nationwide. This information is then used by all departments (including the accounting, shipping, and ordering departments) to control the functions of the clothing manufacturer. Emily suspects that the inventory functions of the system are not sufficiently tested, although they have passed all their contracted (legal) tests. However, she is pressured by her employers to sign off on the software. Whilst she is only required to perform tests which have been agreed to in the original contract, her considerable experience in software testing has led her to be concerned over the quality of the system. Her employers say that they will go out of business if they do not deliver the software on time. Emily knows that if any section of…Naboni Enterprises was established in 1991 by Mr. Nicholas Menyani following the liberalization of the Zambian economy by the government. Prior to 1991, there was little or no scope for the private sector to own and run business in the mining, agricultural and commercial sectors of the economy. All this changed in 1991 when the government decided to liberalize the economy. State owned companies were privatized and the window was opened for the private sector to invest in major sectors of the economy. In the case of the mining sector, the government further offered tax incentives to attract investment. Nicholas Menyani had worked as a technician for a mining company in Kitwe for twenty-five years before his retirement in 1985. When he retired, he did odd jobs in and around Kitwe. However, the income from doing the odd jobs was typically insufficient for him to meet his daily needs and Menyani longed for an opening that would bring him a steady income. The opportunity came when,…Amy plans to start at least two different business activities after she graduates from college: − One business involves using various forms of social media to promote her skills and experience as a volleyball player to help younger players develop their skills She plans to generate income from advertising on her social media sites − She will also use her artistic and marketing talents to find work using several web platforms, like Upwork and Freelancer Although still in college, she has signed a “name, image, and likeness (N I L)” contract with several volleyball-related businesses. Amy also plays for U.S.A. Volleyball and was a member of the 2021 U.S.A. Olympic team Based on what she has read on websites and heard from friends, Amy is wondering if she should form a corporation or a limited liability company for these pursuits, or just be a sole proprietor. Also she is also curious whether, for tax and legal purposes, she has one business or two? Question: After reading this…
- Urban LLC sponsors a profit-sharing plan that requires employees to complete one year of service and be 21 years old before entering the plan. The plan also excludes all commissioned sales people and all other allowable exclusions allowed under the IRC. Which of the following employees could be excluded? 1. Jax, age 20, who works in administration and has been with the company for 32 months. 2. Gemma, a commissioned sales person working in the Houston office. She is 37 years old and has been with the company for 3 years. 3. Clay works as the lead foreman in the company factory. He is 39 and has been with the company for 11 months and is covered under a collective bargaining agreement. A. 1 and 2. B. 1, 2, and 3. C. 3 only. D. 1 only.2. Suppose, an Indian automobile multinational company has a subsidiary in Germany. Mr. Amit Chowdhury, an Indian citizen will be sent to his expatriate role in the German subsidiary of the company in the Public Relations Division. One of the important responsibilities he will need to carry out is to communicate and coordinate with German Government Officials on an approval to start a new factory there. He will also need to monitor the initiation and progression of the factory when they will start functioning. What will be the essential components of Mr. Amit Chowdhury’s pre-departure trainingAkanksha Singh, a BBA graduate from Banasthali Vidyapith and Masters in SocialEntrepreneurship from Tata Institute of Social Sciences, Mumbai is founder of SwayambhuInnovative Solutions Pvt. Ltd. It is a for-profit organization that aims to generate bio-energyby linking a community to a local biogas plant which would make use of domestic/kitchenwaste, animal dung, and human excreta together on a mass scale to produce biogas, organicmanure and electricity.(a) Do you consider Akanksha’s venture a social enterprise? Justify your answer withlogical arguments.(b) Anticipate two challenges Akanksha’s venture might face in the future and discuss twopossible ways to overcome those challenges.
- Due to inflation in Australia in December 2019, the price for petrol increased from AUD1.35 to AUD 1.45. This caused petrol consumption to decrease from 2500 liters to2450 liters at a 7-Eleven Petrol Station in Sydney.Also, when the price for Hyundai 7.5kW Inverter Split System Air Conditioner (ReverseCycle) increased from AUD 950.00 to AUD 990.00; demand for these air conditionersfell from 2500 units to 2000 units.Following this condition, answer the questions below.i. Using the mid-point formula calculate the price elasticity of demand for petroland Hyundai 7.5kW Inverter Split System Air Conditioner (Reverse Cycle).ii. Is the price elasticity of demand: elastic, unit elastic, or inelastic for eachcommodity (petrol and Hyundai 7.5kW Inverter Split System Air Conditioner(Reverse Cycle)? iii. Suppose the government decides to increase tax for petrol and Hyundai 7.5kWInverter Split System Air Conditioner (Reverse Cycle). Use two diagrams toexplain the incidence of the tax increase for…How can the principal agent problem be minimized?A Greek yogurt maker owns and operates a production facility in Switzerland. Within the next six months, the Swiss government has stipulated that all local food producers must list the genetically modified ingredients (GMO) contained in the product on its packaging label. GMO foods or, as critics commonly call them, "Frankenfoods," in honor of Frankenstein, use genetic material that have been altered using genetic engineering techniques in making the particular food. Companies are oftentimes reluctant to post this information, fearing that it might result in people choosing not to use their products. Although the labeling of GMO products in the marketplace is required in 64 countries, many others, including Greece, do not impose this regulation. Interestingly, reporting this information on the label is not required in the United States and no distinction between marketing GMO and non-GMO foods are presently recognized by the US FDA. Dealing with growing demand for Greek style yogurt…