Roy Micky wants to open a new Nakamal (Kava Bar) in Port Vila. He knows he is entering a highly competitive market, but is determined to give it a go as it is something his family have always wanted. There are 96 other Nakamals in Port Vila that Roy will have to compete with. In addition to this, he does not have an established presence in the market. These are just 2 of his concerns. The other 5 are required to come from you.

1. List and justify (from an operations perspective) 5 key things that he should consider in setting up his business. In answering this question, think of the different chapters that have comprised this course – you should get a point from each chapter. (20 marks)
NB. This question is asking for 5 points of concern – each carries 4 marks.

answer; (cash) is the best out of the above; good luck

answer; organization;

answer: marginal utility of the fourth brownie is 0.

explanation: marginal utility is the addtional utility gained from the consumption of one more unit of a good. it is given by,

so, marginal utility at the 4th unit will be given by

since, the values are not given here, you can simply find marginal utility at fourth unit by subtracting total utility at 3rd unit from total utility at 4th unit.

president obama indicates that there are several reasons for the financial crisis. according to the president, one reason is irresponsible practices by financial institutions. the amount of risk involved in newly created investments was high, and few investors or consumers understood this. these types of investments were made possible due to a lack of regulation within the system.

this is right on edge nuity