making for the company presented. An explanation of the price elasticity affects the pricing strategy for consumers and company. In the simulation a neighborhood called Atlantis is used. Atlantis is a nice neighborhood with many amenities that consumers demand (University of Phoenix‚ 2012). A two bedroom apartment rental in Atlantis is used in the simulation to present the effects of supply and demand. The simulation presents several scenarios that have been acquired by the management company of the
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Microeconomics and the Laws of Supply and Demand The simulation in the text is about a small city by the name of Atlantis. Atlantis is a well-maintained city with many positive aspects for the community. All of the aspects make it a pleasant living environment. For example‚ the city has maintained streets‚ maintained sidewalks‚ large parks and jogging paths. To rent an apartment in the community of Atlantis an individual would have to go through Good life Management. The current vacancy rate is at 28 percent
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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
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certain percentage of the public‚ ancient civilizations like Egypt are just one key to a nuclear war that already happened--thousands of years ago. Believers maintain that in the distant past either extraterrestrials or a lost civilization like Atlantis detonated nuclear weapons‚ producing terrible devastation. This disaster was recorded‚ they say‚ in the Bible‚ Hindu scriptures‚ and world mythologies. Sodom and Gomorrah felt the sting of nuclear weapons when “the L ORD rained down burning sulfur
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Supply and Demand Simulation Summary University of Phoenix ECO360‚ Economics for Business I The Supply/Demand simulation involves acting as property manager for GoodLife Management in the fictional town of Atlantis. GoodLife Management manages seven apartment complexes in Atlantis. The property manager is expected to adjust the monthly rental rate of two-bed rental apartments and the quantity of apartments supplied based on the market trends. Factors that influence the supply and demand
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effect of a price ceiling on a specific quantity as well as the quantity supplied. According to our textbook‚ Microeconomics is the study of individual choice and how that choice can be influenced by economic forces. In this simulation‚ the city of Atlantis has a property management company by the name of Goodlife Management who is responsible for leasing two bedroom apartment homes that are in high demand. The two microeconomics principles are the supply of the two-bedroom apartments and the demand
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Poseidon came the super hero known as Aquaman. Born Orin he was the son of the queen of Atlantis and later became King of Atlantis. The super hero Aquaman was inspired by the god of the sea‚ Poseidon was the bases for the charter Aquaman. In the comic Superman: Our Worlds at War trade paperback‚ Aqua prays to Poseidon “Father Neptune (Roman for Poseidon)! Grant me the strength to vanquish the foes of Atlantis! --And to protect the Kingdom of the Seven Seas! THY WILL BE DONE!” Originally created
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100 years. There are many theories that try to explain the things that have happend in the bermuda triangle including: - A weapon from Atlantis which destroyed Atlantis itself - Gas bubble pulling everything down into the ocean - Aliens - A black hole - Strong magnetic fields - Pirates - A time warp - Another one of the US ’s secret hideouts - Atlantis rising to the surface of the sea‚ causing bad weather - Giant octapus pulling everything under the sea On 5 December 1945‚ five Navy Avenger
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The Beautiful Bahamas Has there ever been a thought of going to the Bahamas? If not‚ maybe it should be a thought. The Bahamas is a gorgeous place to visit. To start‚ the water is a vibrant blue. It is the prettiest ocean water that I have ever seen. Whether flying in or cruising in‚ it surely is a beautiful sight. The sight of just being able to see the island is like no other. Being in the Bahamas is a great place to go‚ especially if you have never been there before. The Bahamians love when
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on 4 January 2010‚ only six years after it began. you can go to the top of Burj Khalif and see the view of the city‚ desert and ocean. Atlantis: Atlantis‚ the Palm is a hotel resort at Palm Jumeirah. Almost everything in it is underwater themed. If you’ve got the cash to splash‚ forget ocean views‚ you can actually stay in it. Outside the hotel‚ Atlantis’ Aquaventure waterpark and Dolphin Bay are what attracts most guests to the resort with the opportunity to swim with dolphins and enjoy some
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