Novak realty corporation purchased a tract of unimproved land for $159,500. this land was improved and subdivided into building lots at an additional cost of $99,934. these building lots were all of the same size but owing to differences in location were offered for sale at different prices as follows group no. of lots price per lot $8,700 1 11,600 2 15 6,960 3 17 operating expenses for the year allocated to this project total $52,780. lots unsold at the year-end were as follows. group 1 4 lots group 2 6 lots 1 lots group 3 at the end of the fiscal year novak realty corporation instructs you to arrive at the net income realized on this operation to date. (round ratios for computational purposes to 4 decimal places, e. g. 78.7234% and final answer to 0 decimal places, e. g. 5,845.) net income

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

answer casual models;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.