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.
-Assuming you currently have 10 000 tonnes of WAI crude, the total benefits to you if you were to sell the 10 000 tonnes of WAI crude and use the proceeds to purchase and refine TOC crude is closest to:
A)$773 908
B)$772 500
C)$773 024
D)$774 319

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.
-Assuming you currently have 10 000 tonnes of WAI crude, the total benefits to you if you were to sell the 10 000 tonnes of WAI crude and use the proceeds to purchase and refine TOC crude is closest to:
A)$773 908 
B)$772 500 
C)$773 024 
D)$774 319

Quizplus · Accepted Answer

The Answer of 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.
-Assuming you currently have 10 000 tonnes of WAI crude, the total benefits to you if you were to sell the 10 000 tonnes of WAI crude and use the proceeds to purchase and refine TOC crude is closest to:
A)$773 908 
B)$772 500 
C)$773 024 
D)$774 319

Use the Information for the Question(s)below