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Assignment: Topic: Companies Affected by the new U.S. Trade Policy
Instruction: 1) Choose a company that is affected by the new U.S. trade policy. Find an article from newspapers or magazines on this current-event (2019-2020). Example: The new tariff on Chinese Imports, with resulting retaliation tariff on American exports from China, etc.
2) Apply the S&D model you learned in class. Draw the S&D graph, and show the dynamics and the economic impact.
3) Present your case study to the class (2~3 minutes) on a power-point presentation. Use approximately 5 slides. You may use screen share on zoom if you pre-record your presentation on a video.
Restate the objective function of this problem in such a way that it is technically a maximization problem, with a solution identical to a minimization problem given the constraints stated in part a.
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In November 2012, McDonald's Corp. reported the first decrease in monthly same-store sales in nine years.1 The com- pany had already reported declines in second and third quarter earnings, but the decline in sales was larger than expected with a decr..
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