Use the Information for the Question(s)below

question 17

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
• E)$2508

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Definitions:

Landrum-Griffin Act

A US federal law enacted in 1959 to regulate labor unions' internal affairs and their officials' relationships with employers.

NLRB

The National Labor Relations Board, a U.S. federal agency responsible for enforcing U.S. labor law in relation to collective bargaining and unfair labor practices.

Political Influence

The power to affect governmental actions, policies, or decisions, often exercised through lobbying or electoral activities.

Public Sector Unionization

The process or state of workers in government and public services organizing into unions to negotiate terms of employment, such as wages and conditions.