Use the Information for the Question(s) Below

question 110

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 just purchased 9950 bbl of WTI crude at the current market price, the total revenue (cost) to you if you were to refine this crude oil and sell the unleaded gasoline is closest to ________.

• A) ($766,150)
• B) $766,150
• C) ($770,032)
• D) $770,032

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Definitions:

Fidelity

The degree to which the implementation of a program or intervention adheres to the original design or protocol.

Responsibility

The obligation to carry out duties or tasks satisfactorily and being accountable for the outcomes.

Confidentiality

The principle or practice of keeping personal, sensitive, or specified information secure and not disclosing it to unauthorized persons.

Informed Consent

The process by which participants are fully informed about the nature, risks, and benefits of a research study before agreeing to participate.