Use the Information for the Question(s) Below

question 30

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.
-Assuming you just purchased 10,000 Bbls of WTI crude at the current market price,the total benefit (cost) to you if you were to refine this crude oil and sell the unleaded gasoline is closest to:

• A) $730,600
• B) $770,000
• C) $771,400
• D) $773,908

---

Definitions:

Emotion

A complex state of feeling that results in physical and psychological changes that influence thought and behavior.

Emotional Theory

A conceptual framework that attempts to explain how emotions are experienced, how they are elicited, and how they influence behavior.

Innate Reactions

Natural, instinctual responses that an individual is born with, which are not learned through experience.

Evolutionary Theory

An explanation for the diversity of organisms on Earth, proposing that they have changed over generations through a process of natural selection.