Supply and Demand †Good Life Property Management ECO 360, Economics for Business I

Supply and Demand – Good Life Property Management ECO 360, Economics for Business I Supply and Demand - good life Property management this paper examines the economic phenomenon of supply, demand and equilibrium. Using the fictional organization of GoodLife Property Management in the town of Atlantis, the paper will summarize how the supply and demand curve is used to determine the equilibrium in the market for the lease of two-bedroom apartments. In addition, the paper will determine the difference between movement along the shift of the demand and supply curves which includes the determination of how equilibrium is re-established after the curves shift. The purpose of this simulation is to understand how the apartment market is affected by supply and demand.Decisions regarding supply, demand and market equilibrium require careful consideration. Many factors affect supply and demand such as preference, expectations, income, and rental rates. In order to make informed decisions the Property Manager must continually monitor supply, demand and industry trends in order to remain competitive in today's high performance, highly competitive environment.XFIG-generated-supply-demandIn order to make these decisions the Property Manager of GoodLife Management will depend on his organizations experts, Susan Hearst, National Property Manager, and Hal Morgan, Regional Property Manager, to help make informed decisions when adjusting the monthly rental rates and quantities supplied of two-bedroom apartments.GoodLife, as the only company offering apartments in the Atlantis area, currently has a monopoly on the market and can set the rental rate at their discretion. First, Susan Hearst, National Property Manager, has recommended that the vacancy rate be brought down to about 15%. In addition she has requested that the Property Manager maximize revenue. Understanding that the higher prices may keep some renters away Hal Morgan, Regional Property Manager, has recommended that the rental rates be lowered. The demand curve for the apartments is an imaginary line a t a point in...

How Word Variation Could Improve Your Academic Writing

How Word Variation Could Improve Your Academic Writing How Word Variation Could Improve Your Academic Writing (And 5 Handy Examples) While it’s important to use consistent terminology in academic writing, this applies primarily to technical terms and concepts central to your argument. When it comes to the rest of your paper, varying the language can make it much more engaging and easier to read. What words should you vary? This depends very much on the individual, but the essence is to avoid frequent repetition of certain basic terms. This doesn’t mean short words like â€Å"the†, â€Å"a† or â€Å"and†, which everyone will use regularly in their writing, but it might include words like â€Å"interesting†, â€Å"because†, â€Å"including†, â€Å"said† and â€Å"important†. Alternatives for these terms are presented below, but you might also want to try a thesaurus for other ideas. Just remember to check the meaning of words you find in a thesaurus before using them, as sometimes there can be subtle differences. 1.      Variations on Interesting The word â€Å"interesting† is often used to introduce a point as worthy of attention (e.g., â€Å"It is interesting to note that†¦Ã¢â‚¬ ). Ironically, overusing â€Å"interesting† is very uninteresting indeed, so you might want to try these instead: Noteworthy/notable (e.g., â€Å"One noteworthy claim†¦Ã¢â‚¬ ) Compelling (e.g., â€Å"One theory seems particularly compelling†¦Ã¢â‚¬ ) Fascinating (e.g., â€Å"The Ancient Greeks were a fascinating people†) 2.  Ã‚  Ã‚  Ã‚   Because The word â€Å"because† is used when explaining the reasons behind something (e.g., â€Å"The results were this way because†¦Ã¢â‚¬ ). As such, it’s often used in academic writing, so you may sometimes need to limit repetition: Since (e.g., â€Å"Since the pilot experiment failed, we had to start again.†) Due to (e.g., â€Å"The failure was due to several oversights.†) As a result (e.g., â€Å"As a result of these omissions, the results are unreliable.†) 3.  Ã‚  Ã‚  Ã‚   Including/Includes The term â€Å"including† is most commonly used to introduce examples of something just mentioned, including in this sentence you’re reading right now. See what we did there? It can also be used to describe something contained within a whole (e.g., â€Å"It will take a full week, including Sunday.†) If you’re using â€Å"includes† a lot in a paper, you might want to consider these variations: Such as (e.g., â€Å"I collect tools, such as hammers and tongs.†) Like (e.g., â€Å"I eat fruit, like apples and pears.†) Incorporates (e.g., â€Å"The design incorporates many useful features.†) 4.  Ã‚  Ã‚  Ã‚   Said The word â€Å"said† is most overused when quoting sources (e.g., â€Å"Costello said that ‘there’s nothing underhand that she won’t understand’†). Your options here include: Claimed (e.g., â€Å"Holland claimed†¦Ã¢â‚¬ ) Argued (e.g., â€Å"Weller argued†¦Ã¢â‚¬ ) Stated (e.g., â€Å"Suggs stated†¦Ã¢â‚¬ ) 5.  Ã‚  Ã‚  Ã‚   Important The term â€Å"important† is used to emphasize the significance or value of something, so overusing it can undermine its impact. Substitutes include: Significant (e.g., â€Å"The most significant finding†¦Ã¢â‚¬ ) Vital (e.g., â€Å"It is vital to remember that†¦Ã¢â‚¬ ) Crucial (e.g., â€Å"Addressing this problem is crucial in order to†¦Ã¢â‚¬ )