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 Tapis Outback Crude (TOC)oil for 10 000 tonnes of Western Australian Intermediate (WAI)crude oil. Assuming you currently have 10 000 tonnes of WAI crude, the added benefit (cost)to you if you take the trade is closest to:
A)($524)
B)$524
C)($1 819)
D)$1 819

Question

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 Tapis Outback Crude (TOC)oil for 10 000 tonnes of Western Australian Intermediate (WAI)crude oil. Assuming you currently have 10 000 tonnes of WAI crude, the added benefit (cost)to you if you take the trade is closest to:
A)($524) 
B)$524 
C)($1 819) 
D)$1 819

Quizplus · Accepted Answer

The Answer is B

Use the Information for the Question(s)below