Suppose that a surfboard designer owns a building and is renting part of the building's space to a doctor. further suppose that because the surfboard designer is the owner, he has the right to make noise during the day while he sands the boards. while the doctor cannot insist on a quiet environment, the doctor could move to a quieter building. however, rent in the next best building is $400/month more than rent in the noisy building. the surfboard designer can adopt a new technology that eliminates the noise for $270/month. given this situation, can the doctor find a private solution with the surfboard designer that will make both better off? explain. what are the minimum and maximum payment the doctor would make to the surfboard designer to get the doctor to install the noise-reducing equipment?

Read the overview below and complete the activities that follow. apartment complexes often look for ways to recruit new tenants and retain current tenants. although apartment complexes offer the tangible benefit of shelter to their tenants, many apartment complexes also offer additional services to tenants to encourage tenants to stay or to support the rent prices. the following scenario identifies the several service gaps of a company that runs an apartment complex as well as solutions for reducing these service gaps. concept review: customers have certain expectations about how a service should be delivered. a service gap occurs when the delivery of a service fails to meet customer expectations. there are four types of service gaps: knowledge gap, standards gap, delivery gap, and the communications gap. it is important for marketers to identify these gaps and develop strategies for minimizing them. match the example or solution to the appropriate service gap category.1. wait for repairs 5. train employees well2. understand expectations 6. incentives for tenants3. do not overpromise 7. family movie night4. empower employees 8. delayed lawn careservice gap example solutionknowledge gap standards gap delivery gap communication gap