7. Bubba is a shrimp farmer. In an ironic twist, Bubba is allergic to shellfish, so he...

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7. Bubba is a shrimp farmer. In an ironic twist, Bubba is allergic to shellfish, so he can- not eat any shrimp. Each day he has a one-ton supply of shrimp. The market price of shrimp is $10,000 per ton.

a. What is the value of a ton of shrimp to him?

b. Would this value change if he were not allergic to shrimp? Why or why not?

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Fundamentals Of Corporate Finance

ISBN: 9781292018409

3rd Global Edition

Authors: Berk, Peter DeMarzo, Jarrad Harford

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