Question

ABC Corp is investigating the possibility of developing a shop-ping mall in a certain neighbourhood. To do so, it will need to buy your land. It also will need to obtain zoning approval for its proposal. Although you have offered to sell your property for $10,000,000, ABC Corp does not want to be locked into a contract unless its zoning application is allowed. However, it also knows that other companies may offer to buy your land to develop their own

Answer 1

The subject involves Business and Physics principles regarding the potential impact of thermal expansion on a land measurement in Hong Kong, affecting the property's total price.

Step-by-step explanation:

The subject in question pertains to the Business aspect of determining the potential price change in a real estate transaction in Hong Kong due to steel tape measure expansion on a hot day, which directly relates to Physics concepts. It involves an understanding of thermal expansion, measurement accuracy, and its financial implications on the property value. As temperature increases, the steel tape will expand, causing a potential overestimation of the land's dimensions. To calculate the price change, one would need to know the coefficient of thermal expansion for steel and the exact temperature increase to calculate the new dimensions potentially recorded by the stretched tape. However, with a 20 m x 30 m plot and a price of $60,000 per square meter, any change in dimensions due to thermal expansion is likely to have a significant monetary impact.