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Use the information for the question(s) below. As an oil refiner,you are able to produce $76 worth of unleaded gasoline from one barrel of Alaska North Slope (ANS) crude oil.Because of its lower sulfur content,you can produce $77 worth of unleaded gasoline from one barrel of West Texas Intermediate (WTI) crude.
-Another oil refiner is offering to trade you 10,150 Bbls of Alaska North Slope (ANS) crude oil for 10,000 Bbls of West Texas Intermediate (WTI) crude oil.Assuming you currently have 10,000 Bbls of WTI crude,the added benefit (cost) to you if you take the trade is closest to:
Chiefdoms
A form of hierarchical political organization in non-industrial societies usually based on kinship, and led by a chief.
Hereditary
Relating to characteristics, properties, or conditions that are passed from parents to their offspring through genes.
Natural Selection
The evolutionary process through which factors in the environment exert pressure, favoring some individuals over others to produce the next generation.
Combat
A situation where armed conflict or fighting occurs between entities such as nations, states, or other organized groups or between individuals.
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