Use the Information for the Question(s)below

question 42

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 bbl of Alaska North Slope (ANS) crude oil for 10,000 bbl of West Texas Intermediate (WTI) crude oil. Assuming you currently have 10,000 bbl of WTI crude, what should you do?

• A)Sell 10,000 bbl WTI crude on the market and use the proceeds to purchase and refine ANS crude.
• B)Do nothing; refine the 10,000 bbl of WTI crude.
• C)Trade the 10,000 bbl WTI crude with the other refiner and refine the 10,150 bbl of ANS crude.
• D)Trade the 10,000 bbl WTI crude with the other refiner and then sell the 10,150 bbl of ANS crude.

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Definitions:

Electroencephalograph

is a device used to record the electrical activity of the brain, typically for medical diagnosis or research purposes.

Electrical Stimulation

A therapeutic technique involving the application of electrical current to stimulate or modulate muscle activity and nerve functions.

MRI Scanning

A medical imaging technique used in radiology to form pictures of the anatomy and the physiological processes of the body, utilizing strong magnetic fields and radio waves.

CT Scanning

An imaging procedure that combines a series of X-ray images taken from different angles around the body and uses computer processing to create cross-sectional images of the bones, blood vessels, and soft tissues.