Essays Tagged: "rental apartments"
ECO/360 Supply and Demand Simulation
s seven apartment complexes in Atlantis and it is the Property Manager's duty to adjust the monthly rental rate of two-bed rental apartments and the quantity of apartments supplied based on the market ... he market trends.Following the introduction, the user's first objective is to determine the monthly rental rate for two-bedroom apartments on temporary leases. The vacancy rate must be decreased while ...
Subjects: Social Science Essays > Economics
Supply and Demand of Rental Apartments Simulation
This paper examines the economic factor at work in supply and demand of rental apartments in the city of Atlantis. Acting as the property manager for GoodLife Management in ... cisions affected by Changes in Supply and DemandThe first decision is what price to set the monthly rental at to maximize revenue and lower vacancies to as low as possible. Lowering the rent by about ... nded would be 2000 apartments.When Lintech Inc. moved its operations in to Atlantis, the demand for rental apartments increased, shifting the demand curve to the right, and supply remained unchanged. ...
Subjects: Social Science Essays > Economics
Supply and Demand Simulation
upply and Demand Concepts" starts with the description of a fictional small town, Atlantis, and the rental market for two bedroom rental apartments. Below we will discuss the key points of supply and ... ger for GoodLife Management. His responsibly is maintaining economic equilibrium in the two bedroom rental market. Wikipedia states "In economics, economic equilibrium is simply a state of the world w ...
Subjects: Businesss Research Papers
Supply and Demand Simulation
rate with excellent infrastructure. I will attempt to explain the supply and demand of two bedroom rental apartments in Atlantis. In addition, explain the supply curve, and the demand curve as well a ... rket. My responsibilities include receiving 30-day notices for upcoming vacancies, establishing new rental rates, and setting advertising schedules.In scenario one, Goodlife has 2,000 two bedrooms apa ...
Subjects: Businesss Research Papers
Demand Curve Simulation
mpany that rents apartments; therefore it has a monopoly on the market. This means they can set the rental rate to any price they choose. Management also realizes that higher prices would keep some re ... mand. In order to maintain a low percentage of unoccupied apartments, GoodLife has set a reasonable rental fee for their properties. As the Property Manager, duties include adjusting the monthly renta ...
Subjects: Businesss Research Papers > Accounting
Supply and Demand Simulation
upply and Demand Concepts, a situation is presented concerning the supply and demand of two-bedroom rental apartments in Atlantis. Throughout the simulation scenarios are presented and choices must be ... d by different factors throughout the simulation. The causes included changes in vacancy rates, low rental rates in neighboring towns, imbalances between quantity demanded and quantity supplied at cur ...
Subjects: Social Science Essays > Economics