Use the Information for the Question(s) Below

question 45

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.
Assuming you currently have 10,000 bbl of WTI crude, the added benefit (cost) to you if you were to sell the of WTI crude and use the proceeds to purchase and refine ANS crude is closest to ________.

• A) ($1400)
• B) $1400
• C) ($3908)
• D) $3908

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Definitions:

Multiple Intelligences Theory

A theory proposed by Howard Gardner, suggesting that individuals possess a variety of distinct types of intelligences, such as linguistic, mathematical, musical, and spatial, rather than a single general intelligence.

Problem-Solving Strategies

Techniques or methods applied to address and overcome obstacles or challenges in order to reach a desired goal or solution.

Subgoals

Intermediate objectives or steps devised to make the process of achieving a main goal more manageable and attainable.

Analogies

Comparisons made between two things for the purpose of explanation or clarification.