Ace Cars says they will pay Jim a 10% commission on the sale price of each car Budget Cars says they will
pay him $500 per week plus a 7.5% commission on the sale price of each car. Jim can sell one car every
week. What price would the car have to sell for in order for these two job opportunities to pay Jim the
same amount?

Tom and lilly rented a house for $12,000 last year. at the start of the year they bought the house they had been renting directly from the owner for $250,000. they believe they could rent it for $12,000 this year, but stay in the house. how much does tom and lilly’s decision to buy the house change gdp? a. it reduces gdp by $12,000 b. it does not change gdp c. it raises gdp by $238,000 d. it raises gdp by $250,000