Use the Information for the Question(s)below

question 106

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 just purchased 10 000 tonnes of WAI crude at the current market price, the total benefit (cost) to you if you were to refine this crude oil and sell the unleaded petrol is closest to:

• A)$774 319
• B)$772 500
• C)$773 024
• D)$773 908

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Definitions:

White Lie

A minor or harmless lie, often told to avoid hurting someone's feelings or for some perceived greater good.

Reproach

pertains to the act of expressing disapproval or disappointment towards someone's action or behavior, often with the aim of eliciting a change or acknowledgment of wrongdoing.

Accusation

A claim that someone has done something wrong or illegal, often implying the need for proof or defense.

Account

Response to a reproach.