Reference: Ref 12-1 (Table: Oil Pumps) Refer to the Table

question 25

Multiple Choice

Reference: Ref 12-1 (Table: Oil Pumps) Refer to the table. Suppose that we want to produce seven barrels of oil. To minimize costs, we should produce:

• A) all seven barrels of oil from Oil Pump Two.
• B) three barrels of oil from Oil Pump One and four barrels of oil from Oil Pump Two.
• C) one barrel of oil from Oil Pump One and six barrels of oil from Oil Pump Two.
• D) all seven barrels of oil from Oil Pump One.