Use the Information for the Question(s) Below

question 96

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 of Alaska North Slope (ANS) crude oil for of West Texas Intermediate (WTI) crude oil. Assuming you just purchased of WTI crude at the current market price, the total revenue (cost) to you if you take the trade is closest to ________.

• A) $755,650
• B) $766,150
• C) $767,600
• D) $776,650

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Definitions:

Population Crash

A sudden decline in the numbers of individuals in a population due to environmental factors, predation, or disease.

Evolutionary Conflict

Situations where different evolutionary interests lead to competition or conflict between organisms or genes.

Parental Care

The behaviors and actions performed by parents to ensure the survival and development of their offspring.

Sexual Conflict

Refers to the evolutionary conflict between the male and female of a species over reproductive interests, often leading to adaptations that benefit one sex at the expense of the other.