Supply and Demand

Essay specific features

 

Issue:

Business

 

Written by:

Peggy J

 

Date added:

January 4, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1040

 

Was viewed:

8945 times

 

Rating of current essay:

 
Essay content:

Taking this into account the best course of action was to adjust the monthly rent to $950 dollars per month; this action lowered the vacancy rate to a mere five percent and maximized revenue at $1.81 million for the year. It was noted in the simulation that there was still a surplus of 100 apartments and had the task been to lease all apartments, lowering the rent further would have been sufficient...
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Taking this into account the best course of action was to adjust the monthly rent to $950 dollars per month; this action lowered the vacancy rate to a mere five percent and maximized revenue at $1.81 million for the year. It was noted in the simulation that there was still a surplus of 100 apartments and had the task been to lease all apartments, lowering the rent further would have been sufficient...
displayed 300 characters

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