Use the Information for the Question(s)below

question 88

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 currently have 10,000 Bbls of WTI crude,the added benefit (cost) to you if you take the trade is closest to:

• A)($1400).
• B)$1400.
• C)($3908).
• D)$3908.

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Pertaining to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Poverty

A state or condition in which an individual or community lacks the financial resources and essentials for a minimum standard of living.

Environmental Factors

External elements such as culture, family, and social context that can influence an individual's development and behavior.

Inherited Characteristics

Traits or qualities that are genetically passed from parents to their offspring.