Use the Information for the Question(s) Below

question 57

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 currently have 10,000 Bbls of WTI crude,the total benefit to you if you were to sell the 10,000 Bbls of WTI crude and use the proceeds to purchase and refine ANS crude is closest to:

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

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Definitions:

1964

A significant year in U.S. history marked by major civil rights advancements, including the passing of the Civil Rights Act, which outlawed discrimination based on race, color, religion, sex, or national origin.

Importance

The quality or state of being significant, valued, or necessary in a particular context or to a particular matter.

Privileges

Special rights or advantages granted to individuals or groups based on status, position, or membership.