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 picturesque 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 conceal divergeable walking, jogging, or biking. The open space offer territory for wildlife. The lodging is composed of both detached homes and apartments. Atlantis is well maintained, in orderly conditions, alone with low crime crop with excellent infrastructure. I will go about to explain the turn in and learn of both bedroom term of a contract apartments in Atlantis. In addition, explain the supply crook, and the guide 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 man agement pie-eyed that is the only firm who manages septenary apartment complexes in Atlantis. round might say we wear a monopoly in this market. My responsibilities implicate receiving 30-day notices for upcoming vacancies, establishing new term of a contract considers, 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 rental rate to moderate that mor! e apartments are assiduous and that revenue is maximized. Currently, the vacancy pct 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

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