Use the Information for the Question(s)below

question 100

Multiple Choice

Use the information for the question(s) below.
As an oil refiner, you are able to produce $76.16 worth of unleaded petrol from one barrel of Tapis Outback Crude (TOC) oil. Because of its lower sulphur content, you can produce $77.25 worth of unleaded petrol from one barrel of Western Australian Intermediate (WAI) crude.
-Assuming you currently have 10 000 tonnes of WAI crude, the added benefit (cost) to you if you were to sell the 10 000 tonnes of WAI crude and use the proceeds to purchase and refine TOC crude are closest to:

• A)($524)
• B)$524
• C)($1 819)
• D)$1 819

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