Micro-economics Project

Microeconomics projectIntroductionRent of flats differs with the location of the flatbeds , the size , the turning of cortege , surmount sound stop townsfolkspeopleshipspeople , environment and whether an flat tire is furnished or non , the mesh scathe exit sum up as the account of room increase , the postulate ordain also be senior high if the house is furnished and also if its close to a town . We will meet ten crosscurrent pass design in Michigan , Bloomfield mounds argonaName Location Pricecolonial flirt terrace Birmingham 1395chimney cumulus flat tire air jacket bloom field 1015Bloomfield on the palm westerly Bloomfield 800Huntley square apartment Birmingham 1225Aldingbroke terrace and stem town west bloom field 2375Bloomfield place apartment Bloomfield hills 735Arbor of west Bloomfield west Bloo mfield 1695Brandy wine apartment west Bloomfield 2495Thornberry apartment west Bloomfield 1145Eton squire apartment Birmingham 1295 mean 1417 .5 We will handle the component parts that make for the rent roams of apartments one later the separatewise starting from the surmount from town , takings of rooms and furnishing . From the above information the Brandywine apartments rent lay outs is much higher(prenominal)(prenominal) than any other apartment , the rent order is twin the amount rate of the apartments which is 1417 , the other notable observation is that the Bloomfield on the green apartment and the Bloomfield on the field apartment take the lowest rent rate and they are half the average rent rate of all the apartmentsThe distance from townThe distance from town is one element that highly influences the rent order of apartments , the hike the apartment is from town then we will expect that the rase the place compared to those apartments which are very nea r the town which will have high rent ratesFr! om our above ten take in of apartments it is evident that the distance from town does influence the rent rates , the colonial coquette terrace from our specimen is located at heart walking distance from Birmingham town , its rent rate is 1395 , tho this can be compared to the Bloomfield on the fields apartment which is far-off from Birmingham town and its rent rate is 800From the above results the Colonial court terrace apartments have a rent of 1395 while the Bloomfield on the field apartment rate is 800 this makes a large borderline difference which is caused by their distance from Birmingham town , the difference in rent rate is 595 which can be associated with the distance from town , therefore the little the distance an apartment is from town the higher is their rent rateNumber of roomsThe number of rooms is also a factor that influences the rent rates of an apartment , the more the number of rooms where an apartment may contain a 3 bedrooms and other rooms will defin itely affect the rates the more the number the number of rooms the higher the rent rateFrom our sample we will consider the Brandywine apartments , these apartments are highly luxurious and their rent rate is 2495 , compared to the Bloomfield on the green...If you want to get a full essay, order it on our website: OrderEssay.net

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