Reference: Ref 11-5 (Table: Oil Production) Refer to the Table

question 13

Multiple Choice

Reference: Ref 11-5 (Table: Oil Production) Refer to the table. What is the profit of producing ten barrels of oil?

• A) $80
• B) $154
• C) $180
• D) $194

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Definitions:

Horizontal Merger

The combination of two or more firms operating in the same industry and at the same stage of production.

Vertical Merger

A merger between two companies that operate at different levels in the production process of the same industry.

Small Business

An independently owned and operated company that is limited in size and revenue, depending on the industry.

Direct SBA Loans

Loans provided directly by the Small Business Administration to small businesses that meet certain qualifications.