Use the Information for the Question(s)below

question 77

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 added benefits 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)$40,800.
• D)$43,308.

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Definitions:

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, characterized by the flow of goods, capital, ideas, and people across borders.

Material Dialectics

Material Dialectics is a method of analysis in Marxist theory that emphasizes the conflict and contradiction within material conditions as the driving force of historical change and societal development.

Religious Ideology

A set of beliefs, values, and practices based on spiritual texts and traditions, shaping an individual's or group's view of the world and guiding their behavior.

Capitalism

An economic system characterized by private ownership of the means of production and the pursuit of profit, where goods and services are produced for exchange in competitive markets.