Bubba is a shrimp farmer. In an ironic twist, Bubba is allergic to shellfish, so he cannot eat shrimp. Each day he has a one-ton supply of shrimp. The market price of shrimp is

$ 10 comma 700 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?

a. What is the value of a ton of shrimp to him?(Select the best choice below.)

A. The value of a tonne of shrimp to Bubba is $ 10 comma 700 because that is the market price.

B.The value of a tonne of shrimp to Bubba is more than $ 10 comma 700 because he can wait for the market price to go up.

C. The value of a tonne of shrimp to Bubba is less than $ 10 comma 700 because Bubba is allergic to shellfish.

D. The value of a tonne of shrimp to Bubba is less than $ 10 comma 700 because shrimp is a perishable item.

b. Would this value change if he were not allergic to shrimp? Why or why not?(Select the best choice below.)

A. Yes. If he is allergic to shrimp, he puts a low value on it, but if he is not allergic to shrimp, he values it highly.

B. No. As long as he can buy or sell shrimp at $ 10 comma 700 per ton, his personal preference or use for shrimp is irrelevant to the value of the shrimp.

C. No. Even if he isn't allergic to shrimp, he can't eat a ton of it.

D. Yes. If he is not allergic to shrimp, then he may prefer to eat the shrimp instead of selling it.