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Please answer A / BBubba is a shrimp farmer. In an ironic twist, Bubba is allergic to shellfish, so he cannot eat shrimp. Each day
Please answer ABBubba is a shrimp farmer. In an ironic twist, Bubba is allergic to shellfish, so he cannot eat shrimp. Each day he has a onetonne supply of shrimp. The market price of shrimp
is $ per tonne.
a What is the value of a tonne 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 tonne of shrimp to him? Select the best choice below.
A The value of a tonne of shrimp to Bubba is less than $ because Bubba is allergic to shellfish.
B The value of a tonne of shrimp to Bubba is $ because that is the market price.
C The value of a tonne of shrimp to Bubba is more than $ because he can wait for the market price to go up
D The value of a tonne of shrimp to Bubba is less than $ because shrimp is a perishable item.
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