3. winners and losers from tariff reductions suppose that colombia imports cars from australia. the free market price is $9,200.00 per car. if the tariff on imports in colombia is initially 38%, colombians pay $ per car. one of the accomplishments of the uruguay round that took place between 1986 and 1993 was significant across-the-board tariff cuts for industrial countries, as well as many developing countries. suppose that as a result of the uruguay round, colombia reduces its import tariffs to 19%. assuming the price of cars is still $9,200.00 per car, consumers now pay the price of $ per car. based on the calculations and the scenarios presented, the uruguay round most likely in colombia and in australia.

Following is a list of various costs incurred in producing replacement automobile parts. with respect to the production and sale of these auto parts, classify each cost as either variable costs, fixed costs, or mixed costs. 1. oil used in manufacturing equipment 2. plastic 3. property taxes, $165,000 per year on factory building and equipment 4. salary of plant manager 5. cost of labor for hourly workers 6. packaging 7. factory cleaning costs, $6,000 per month 8. metal 9. rent on warehouse, $10,000 per month plus $25 per square foot of storage used 10. property insurance premiums, $3,600 per month plus $0.01 for each dollar of property over $1,200,000 11. straight-line depreciation on the production equipment 12. hourly wages of machine operators 13. electricity costs, $0.20 per kilowatt-hour 14. computer chip (purchased from a vendor) 15. pension cost, $1.00 per employee hour on the job

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Which of the following is an example of search costs? a.) driving to a faraway place to find available goods b.) buying goods in some special way that is outside the normal channels c.) paying a premium cost for goods d.) selling extra goods for a discount price