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 $10,600 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 $10,600

because that is the market price.

B.

The value of a tonne of shrimp to Bubba is more than $10,600

because he can wait for the market price to go up.

C.

The value of a tonne of shrimp to Bubba is less than $10,600

because Bubba is allergic to shellfish.

D.

The value of a tonne of shrimp to Bubba is less than $10,600

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.)