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

---

Definitions:

Sociohistorical Context

The social, historical, and cultural background or environment in which an event or phenomenon occurs.

World War I

A global conflict that lasted from 1914 to 1918, involving many of the world's great powers, characterized by trench warfare and massive casualties.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations and marked by significant events like the Holocaust and the use of atomic bombs on Japan.

Psychology Profession

The field of study and practice concerning the human mind and behavior, comprising various specializations including clinical, experimental, and counseling psychology.