Use the Information for the Question(s)below

question 69

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.
-Another oil refiner is offering to trade you 10 150 tonnes of TOC crude oil for 10 000 tonnes of WAI crude oil. Assuming you just purchased 10 000 tonnes of WAI crude at the current market price, the total benefit (cost) to you if you take the trade is closest to:

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

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Definitions:

Market Share

The proportion of an industry's sales that a specific company secures.

High-Growth Market

Markets characterized by rapid expansion and increased demand, offering significant opportunities for businesses.

Strategy Requires Leaders

The necessity for individuals who can devise, communicate, and implement plans to achieve organizational goals.

Essential Features

Fundamental characteristics or qualities that are necessary for something to function or be recognized as it is.