Use the Information for the Question(s)below

question 23

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 just purchased 10,000 Bbls of WTI crude at the current market price,the added benefit (cost) to you if you take the trade is closest to:

• A)$730,600.
• B)$771,400.
• C)$40,800.
• D)$43,308.

---

Definitions:

Unconscious Cognitive Processes

Mental operations beyond conscious awareness that influence perceptions, judgments, and actions without one’s realization.

Rational

Pertaining to reasoning or logical thinking; often involves making decisions based on reason rather than emotions.

Emotional

Pertains to feelings, moods, or affective states that are experienced by individuals, influencing behavior, thought processes, and well-being.

Unconscious

The part of the mind that contains thoughts, memories, and desires not currently in conscious awareness but that can influence behavior.