Essays on Offsets

Introduction

Can colleges and universities increase their tuition rates continuously, despite the suffering they cause students? This issue can be and has been tackled by economics – specifically; we can use the tools offered by the study of price elasticity of demand to see what colleges take into consideration before raising their prices. The reaction of students to the increasing tuitions and other expenses might be a driving force on the demand side for higher education. If the students believe that higher education’s high costs will not create a value equal to or less than its cost, they might prefer ...

Introduction

Can colleges and universities increase their tuition rates continuously, despite the suffering they cause students? This issue can be and has been tackled by economics – specifically, we can use the tools offered by the study of price elasticity of demand to see what colleges take into consideration before raising their prices.

Let us assume that, in an attempt to raise more revenue, New York State University increases its tuition rates. Will this necessarily result in more income for the university? Not always. As we know, revenue depends on price and quantity of the demanded good or service. In the ...

Environment

Johnson & Johnson, the famous health care corporate started as a humble, family owned business in New Jersey, U.S. in the year 1886 (Johnson & Johnson Services Inc., 2016). Between 1886 and 1910, the company manufactured mostly first aid kits, surgical aids, antiseptic products, sanitary aids and maternity kids that were very useful in improving the standard of public health care. Soon, Johnson & Johnson expanded overseas to UK, Argentina, Australia, South Africa, Mexico and Brazil. From 1954 to 1989, the company revolutionized the pharmaceutical market with its huge range of baby-care and wound-care products, and further expanded to India, China, Russia ...

Introduction

There are about 33 countries that have implemented payment schemes to facilitate the conservation of biodiversity (Duchelle et al 13). For example, in Brazil, rubber tappers have engaged in an agreement with the government where there are provided with payments for their conservation efforts (Duchelle et al 14). Another example is in Guyana where the Conservation International has obtained a conservation concession from their government to promote the conservation of 20,000 acres of forest. The payment scheme as a strategy to facilitate biodiversity conservation is also currently applicable in the United States where farmers are paid for protecting ...