Supply and Demand Simulation

University of Phoenix-Baton Rouge CampusThe small city, of Atlantis, with toothsome green areas and playg roughly, with access to highways, and attractive sidewalk and streets puts traffic to a minimum. Pollution is low in addition to, tree run along streets, and well-maintained sidewalks allow the residents to enjoy hobbies inter divergeable walking, jogging, or biking. The open blank offer territory for wildlife. The inhabit is composed of both spaced homes and apartments. Atlantis is well maintained, in uncoiled conditions, alone with low criminal offence commit with excellent infrastructure. I will effort to rationalize the turn in and ingest of both bedroom limit of a contract apartments in Atlantis. In addition, explain the sum abridge, and the suck up 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 unbendable that is the only firm who manages sevensome apartment complexes in Atlantis. round might say we have a monopoly in this market. My responsibilities involve receiving 30-day notices for upcoming vacancies, establishing new term of a contract measures, and setting advertising schedules. In scenario one, Goodlife has 2,000 two bedrooms apartment in the complexes. The current vacancy esteem for those bedrooms is on a temporary, month-to-month lease, which is at 28%.

My goal is to neutralise drop the vacancy rate from 28% to 15% and add-on the revenue. I will attempt this by determining the oscillating term of a contract rate to control that more apartments are engaged and that revenue is maximized. Currently, the vacancy portion rate is 40.00%, the revenue is $1.56m, the carry through is 800, and the quantity demanded is 1,200 with a renting rate of $1,300. If I exchange 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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