Use the Information for the Question(s) Below

question 21

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 just purchased 10,000 Bbls of WTI crude at the current market price,the total benefit (cost) to you if you take the trade is closest to:

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

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Definitions:

Personality Traits

Consistent patterns of thoughts, feelings, and behavior that characterize an individual across different situations.

Attitudes

A person's feelings, beliefs, and behavioral predispositions toward people, objects, ideas, or situations.

Fraternal Twins

Twins that develop from two different eggs fertilized by two different sperm cells, making them genetically unique from each other, similar to regular siblings.

Identical Twins

Twins resulting from the splitting of a single fertilized egg, sharing the same genetics, also known as monozygotic twins.