Use the Information for the Question(s)below

question 88

Multiple Choice

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:

• A)($1400).
• B)$1400.
• C)($3908).
• D)$3908.

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Definitions:

Introverts

Individuals who tend to be inward turning, focusing more on internal thoughts, feelings, and moods rather than seeking external stimulation.

Biological Differences

Refers to the physical and genetic variations among humans that influence characteristics, behaviors, and susceptibilities.

T-data Technique

A psychological testing method where behavior is observed and measured in conditions structured by the researcher, aiming to minimize subjective interpretation.

Objective Tests

Assessments with fixed answers that are scored in a standardized manner, minimizing subjectivity.