Ask Question
10 February, 01:27

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?

+2
Answers (1)
  1. 10 February, 01:40
    0
    Answer and Explanation:

    In the absence of sufficient information about the expenses and other factors, which related to money, we have to consider market price as the value of shrimp.

    The value of Shrimp is $10,700 per ton because, In this scenario, we have only market rate to consider the value of shrimp.

    Therefore $10,700 is the price of 1-ton shrimp.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers