Bubba is a shrimp farmer. In an ironic twist, Bubba is allergic to shellfish, so he cannot
Question:
Bubba is a shrimp farmer. In an ironic twist, Bubba is allergic to shellfish, so he cannot 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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