How would you classify the torre agbar- rival or nonrival

Assignment Help Operation Management

Reference no: EM131830861

In 2008, Jean Nouvel won the Pritzker Architecture Prize (the highest prize in architecture). One of his most notable works is the Torre Agbar (pictured), a breakthrough skyscraper that lights up each night thanks to more than 4,000 LED devices-a pricey but purely cosmetic feature.

a. Many people enjoy looking at the Torre Agbar. Just considering that enjoyment, how would you classify the Torre Agbar: rival or nonrival? Why?

b. The Torre Agbar is the third tallest building in Barcelona. For the purposes of enjoying its illuminated façade, would you classify the building as an excludable or non-excludable good? Why?

c. Based on your answers, is the LED façade a public good?

d. Companies often hire architects like Nouvel to create beautiful buildings that are expensive to design, build, and maintain, yet they cannot charge people to look at them.

This chapter offered one possible explanation for this puzzle. What's the explanation and how does it help justify the construction of a widely enjoyed building?

Reference no: EM131830861

Questions Cloud

Would government taxation and funding of music improve : Taking your answer in part a into account, would government taxation and funding of music improve social welfare?

Measurements of the specific gravity : The following are 10 measurements of the specific gravity y of the same sample of an alloy:

How public provides large external benefits : "A tragedy of the commons occurs when using a good causes massive external costs." Discuss. In parts a and b.

What is meant by a population of observations : What is meant by a population of observations, a sample of observations, a random drawing from the population

How would you classify the torre agbar- rival or nonrival : Many people enjoy looking at the Torre Agbar. Just considering that enjoyment, how would you classify the Torre Agbar: rival or nonrival? Why?

Why did the fish catch increase in new zealand : Why did the fish catch increase in New Zealand after the amount that each fisherman could catch was limited by a quota?

What happens to the price of chickens as a result : As population and prosperity have increased, the demand for chicken has increased. What happens to the price of chickens as a result? Why?

What will capital stuffing look like in this case : The government decrees strict limits on the number of hunters, and on the number of rounds of ammunition that each hunter can take into the hunt.

Consider a random variable with moment : Consider a random variable with moment generating function M(t). Show that the second derivative of ln[M(t)] evaluated at t = 0 is the variance of the random

User Account

All Pages