Supply And Demand Simulation Paper

Supply and Demand Simulation Atlantis is a small metropolis with dissever of activities and scenery obtainable to those who live there. Atlantis has several options for lodgement some(prenominal) detached and apartments. Atlantis has very little issues with traffic, pollution, and crime. By all appearances Atlantis thinkms dampen care the ideal place to live. For the purpose of this simulation as the station manager through nice Life Management, I go out be tasked to look at the terms of dickens-bedroom apartments and the incumbent available at the given bell. Areas we are dismission to explore are, penury curve, supply curve, and the equilibrium point. Then see how these factors relate to the price of the two-bedroom units for bring. Phase I During phase nonpareil I allow be deciding on the follow of monthly rent. I will need to observe the subscribe curve at the current make up for the apartments available. As it stands rig ht off sober Life has a va privycy pasture of 28%, Susan would equivalent to labour this rectify to about 15%. Hal has suggested we can control the indigenceed quantity by gravid the cost of two-bedroom rentals. Good Life has about two hundred units that are creation rented at $1 three hundred a month. In indian lodge to play the surplus of 800 apartments I will be lowering the cost of the month-month and temporary leases to a rate of $1050 per unit.

Also, I throwaway that the heart revenue with the drop in rent went from $1.56 cardinal to $1.79 million. It appears the rate of $1050 will be a wise rent because the so licit for the apartments went from 1200 unit! s to a hefty 1700 units Phase one results take a leak suggested that I did succeed at reducing the void train to the ideal of 15% but I whitethorn not wee maximized revenue. Despite the increase in demand I still have a surplus of 300 apartments. To rent those out the remainder Good Life would have to centre rent to get them filled. Phase II Good life is two years out from the initial phase. Susan flat has decided she would like to see a 0% nothingness rate in Atlantis. Good Life now...If you want to get a replete essay, order it on our website: BestEssayCheap.com

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