Supply and Demand Simulation

University of Phoenix-Baton Rouge CampusThe small city, of Atlantis, with luscious green areas and playground, with access to highways, and just sidewalk and streets puts traffic to a minimum. Pollution is low in addition to, tree lined streets, and well-maintained sidewalks allow the residents to enjoy hobbies sink divergeable walking, jogging, or biking. The open space offer territory for wildlife. The lodge is composed of both detached homes and apartments. Atlantis is well maintained, in tidy conditions, alone with low crime sum up with excellent infrastructure. I will onslaught to explain the turn in and bespeak of both bedroom term of a contract apartments in Atlantis. In addition, explain the supply slew, and the prerequisite curve as well as equilibrium. by dint of different scenarios, explaining what factors that affect demand and supply, and consequently the equilibrium. I am the Property Manager, employed with Goodlife Management, which is a property manage ment pie-eyed that is the only firm who manages septette apartment complexes in Atlantis. round might say we vex a monopoly in this market. My responsibilities implicate receiving 30-day notices for upcoming vacancies, establishing new renting counts, and setting advertising schedules. In scenario one, Goodlife has 2,000 two bedrooms apartment in the complexes. The current vacancy rate for those bedrooms is on a temporary, month-to-month lease, which is at 28%.

My goal is to counterbalance drop the vacancy rate from 28% to 15% and increase the revenue. I will attempt this by determining the periodic rentin g rate to consider that more apartments are! assiduous and that revenue is maximized. Currently, the vacancy percentage rate is 40.00%, the revenue is $1.56m, the spare is 800, and the quantity demanded is 1,200 with a rental rate of $1,300. If I change the vacancy percent rate to 5.00%, and charge a rental rate of $950, the demand curve varies with quantities... If you want to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper