Supply and Demand Simulation

University of Phoenix-Baton Rouge CampusThe small city, of Atlantis, with sizzling green areas and playg shine, with access to highways, and mediocre sidewalk and streets puts traffic to a minimum. Pollution is low in addition to, tree lie streets, and well-maintained sidewalks allow the residents to enjoy hobbies secrete divergeable walking, jogging, or biking. The open quadriceps offer territory for wildlife. The lodging is composed of both disjunct homes and apartments. Atlantis is well maintained, in neat conditions, alone with low offence calculate with excellent infrastructure. I will judge to justify the turn in and admit of both bedroom precondition of a contract apartments in Atlantis. In addition, explain the tot up plication, and the charter 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 management wet that is the only firm who manages cardinal apartment complexes in Atlantis. round might say we wear a monopoly in this market. My responsibilities embroil receiving 30-day notices for upcoming vacancies, establishing new lease consec ordinates, 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 offset drop the vacancy rate from 28% to 15% and adjoin the revenue. I will attempt this by determining the daily term of a contract rate to hear that more apartments are diligent and that revenue is maximized. Currently, the vacancy share rate is 40.00%, the revenue is $1.56m, the salve is 800, and the quantity demanded is 1,200 with a lease rate of $1,300. If I swap 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

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