Use the Information for the Question(s) Below

question 53

Multiple Choice

Use the information for the question(s) below. As an oil refiner, you are able to produce $77 worth of unleaded gasoline from one barrel of Alaska North Slope (ANS) crude oil. Because of its lower sulfur content, you can produce $78 worth of unleaded gasoline from one barrel of West Texas Intermediate (WTI) crude.
Another oil refiner is offering to trade you of Alaska North Slope (ANS) crude oil for of West Texas Intermediate (WTI) crude oil. Assuming you currently have of WTI crude, the added benefit (cost) to you if you take the trade is closest to ________.

• A) ($1550)
• B) $1550
• C) ($3475)
• D) $3475

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Definitions:

Personality Traits

Enduring characteristics that describe an individual's behavior, mindset, and emotional patterns.

Walter Mischel

A psychologist known for his research on personality and cognitive and social-cognitive processes.

Personality on Behavior

The influence that an individual's characteristic patterns of thoughts, feelings, and behaviors have on their actions and reactions.

Situational Constraints

External factors that restrict or dictate an individual's actions in a given situation, limiting the options available.