Use the Information for the Question(s)below

question 73

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 9,950 bbl of WTI crude at the current market price, the total revenue (cost) to you if you were to refine this crude oil and sell the unleaded gasoline is closest to ________.

• A)($766,150)
• B)$766,150
• C)($770,032)
• D)$770,032

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Definitions:

Gender Egalitarianism

The principle or belief in equal rights and opportunities among genders.

Equal Opportunities

The principle of treating all individuals fairly and without discrimination, especially in regards to employment, education, and access to services.

Sex Roles

Social roles and behavioral expectations based on an individual's sex, often culturally defined.

Uncertainty Avoidance

A cultural dimension that describes the degree to which people in a society are uncomfortable with ambiguity and uncertainty.