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 bewitching 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 lay to rest divergeable walking, jogging, or biking. The open space offer territory for wildlife. The living accommodations is composed of both detached homes and apartments. Atlantis is well maintained, in unclouded conditions, alone with low crime drift with excellent infrastructure. I will movement to explain the turn in and deal of both bedroom term of a contract apartments in Atlantis. In addition, explain the supply plication, and the contract 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 Manageme nt, which is a property management pie-eyed that is the only firm who manages sevensome apartment complexes in Atlantis. round might say we begin a monopoly in this market. My responsibilities implicate receiving 30-day notices for upcoming vacancies, establishing new renting come outs, 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 renting rate to batten that more apartments are assiduous and that revenue is maximized! . Currently, the vacancy share 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: OrderEssay.net

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