Economic Analysis Supply And Demand - 867 Words

Supply and Demand Economic Analysis is defined as the systematic approach of the use of resources and comparing two or more resources in order to achieve a specific objective with limitations of specific constraints and assumptions. Economic Analysis is basically a measure of how well the opportunity costs for resources are employed and attempts to measure these results in monetary terms for the benefits of a certain project or economy of a country. The paper will analyze a management firm known as Goodlife Management who possesses apartments in the metropolitan of Atlantis. Microeconomics has an effect on the direct supply and demand of the company. I suggested that all 2500 apartments should be leased. Although if all apartments are leased still we were unable to do so at the present rental rate due to the fact that preservation charge will rise as the renter and apartment rate increase. So, we increased the rental rate to $1,550 to reimburse for preservation fees for the increase of renter and apartments. These are the two scenarios that represent the idea of microeconomics, for the impact and result only influence the direct company. The two situation that had outside effect on GoodLife such as, Lintech Inc shifting to Atlantis, and the raise in residents in Atlantis are both example of macroeconomics, as these two variables not only effect GoodLife also it affects the entire city of Atlantis. Law of Demand: The law of demand states that the association betweenShow MoreRelatedRiverpoint Writer (Article Aalysis)1617 Words   |  7 PagesArticle analysis Laura Morrison Eco/365 September 26, 2011 Tarron Khemraj Article analysis In understanding economics first summarize what is economics. No universally definition of economics. Although it defined as the study of how individuals and groups make decisions with limited resources, coordinate their wants and desires, given the decision mechanisms, social customRead MoreApplication Of A Solar Panel Installation Contracting Business1007 Words   |  5 Pages â€Æ' Table of Contents I. Introduction 2 II. Demand Determinants 3 a. Individual Determinant Research Analysis b. Current Demand Data Analysis c. Price Elasticity of Demand d. Demand Graph Analysis III. Supply Determinants 5 a. Individual Supply Determinant Research Analysis b. Current Supply Data Analysis c. Price Elasticity of Supply d. Supply Graph Analysis IV. Recommendations 8 V. References 9 â€Æ' Introduction Cindy is looking to start a Solar Panel Installation contracting business. SheRead MoreUnderstandin How Market Works in Practice1491 Words   |  6 Pages The aim of this paper is for understanding how market works in practice, what is price mechanism and how does it work in market system. 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Microeconomics covers the micro aspects viz. fundamentals, elements of demand and supply, costs, production formation, revenue, markets etc. (Samuelson and Nordhaus, 2003). With that being said, a good knowledge of these above listed aspects is necessary for management students as well as managers. Therefore, a thorough understanding of microeconomics and itsRead MoreAggregate Expenditure And Output Of The Short Run Essay1563 Words   |  7 Pagesinventory investment, which is also part of aggregate demand. Therefore, another way of defining equilibrium is that the unplanned investment in stocks equals zero. If for example, the planned aggregate expenditure was lower than the output of the companies, they would see their stocks rise above what they had anticipated. As this accumulation of inventories is computed within the total expenditure, it would be fulfilled that the GDP is equal to the demand, but the level of production would not be of equilibrium