in supply and demand in the simulation? If the availability of the apartments were good and in a preferred location‚ this could have a direct effect on the increase in demand. When consumers look for a place to live the size of the home is crucial in their decision making as well of the economic conditions in the area. With the location‚ size and economic conditions all factoring into the decisions‚ the price of the apartments must be determined accordingly.
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same. The simulation‚ shows how this works by where the apartment supply connects with the market and the price demanded by the supply and demand forces. In the beginning the equilibrium price was $1050.00 dollars‚ and the supply of two bedroom apartments was 2000 units. The demand curve shifted right because of the population increase with the opening of the Lintech Company which also lead to the price increase on the remaining apartments with the supply price staying constant. With this being
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various motivational strategies affect productivity at South Point Apartment Complex in Corpus Christi‚ Texas. The following paper will then identify and analyze the implications of applying two motivational theories that are not currently in practice at South Point Apartments and show how these motivational theories could impact both the management staff and the employees. Motivational Theories The employees at South Point apartment complex are a very unproductive team. McGregor’s Theory X is could
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availability of two bedroom apartments in the fictional city of Atlantis. The simulation takes a look at several different situations‚ outside market factors and governmental influence. By going through the simulation and adjusting the pricing levels of the apartments and the number that are being made available to be rented‚ the simulation shows the effects of things like new employers moving into the area‚ rent control laws being put into effect and the change in trend from apartments to homeownership and
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Concepts The simulation had many examples of microeconomics princicples. A substitute is an example of microeconomics found in the simulation. GoodLife Management has a monopoly on apartment complexes because they own all 7 apartment complexes in Atlantis. A substitute in this case is a good that can replace the apartment rental. The closest substitute is provided by Oakridge Builders that sell detached homes. The supply curve is another microeconomic concept. Supply refers to the amount of goods or
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They are on their way to their new apartment in New York. When they arrive in their apartment they are surprised with multiple flights of stairs leading to their apartment‚ Corie is excited and has a good outlook and believes that it will be perfect‚ despite the stairs. Paul‚ however‚ does not think the apartment will be satisfactory. He complains about the hole in the sky light and the rent‚ and how cold it is once they’ve reached the apartment. The apartment is small and consists of one bedroom
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sole provider of apartments available for rent in the city of Atlantis in which the supply and demand simulation provided by UPOX takes place. The simulation provides excellent‚ real-life examples of how the supply and demand curves may shift based upon various factors that occur within the market in Atlantis. The following details such examples as microeconomics versus macroeconomics‚ equilibrium pricing‚ and what drives the elasticity of the market price of the two-bedroom apartments that are available
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dormitories‚ or they may choose to live in apartments in the community. Which place would you prefer to live in? Give reasons for your preference. When students start going to university‚ they are presented with choices in regards to living arrangements. Some students prefer to live in university dormitories for various reasons while other students prefer to take apartments off campus in the community. As for me‚ I would prefer to have an apartment off campus because it would allow me to
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others I have not. I come to Murfreesboro this past summer and moved into an apartment with three other girls. Each of us are different‚ clean‚ dirty‚ loud‚ quiet – we all have our preferences. These differences were so strong that they immediately caused a conflict spiral between two of the girls‚ Lauren and Mia. Their personalities clashed and strife ran amuck in the apartment. Stage 1: The conflict in my apartment most resembled Rummel’s Five-Stage Conflict Model. The first stage is when the
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for that product or service increases. In terms of rent control‚ as the rent is capped at lower than equilibrium price to accommodate those who cannot afford rent at the equilibrium price‚ there is an increase in demand for apartments. Therefore‚ at the same amount of apartments supplied‚ there are more people interested in renting. This gives landlords the ability to pick and choose their tenants and furthermore allows them to discriminate on different aspects‚ including income level. Landlords will
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