Use the information for the question(s) below.

As an oil refiner, you are able to produce $77 worth of unleaded gasoline from one barrel of Alaska North Slope (ANS) crude oil. Because of its lower sulfur content, you can produce $78 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 currently have
Of WTI crude, the added benefit (cost) to you if you take the trade is closest to ________.
A) ($1550)
B) $1550
C) ($3475)
D) $3475

Question

Use the information for the question(s) below.

As an oil refiner, you are able to produce $77 worth of unleaded gasoline from one barrel of Alaska North Slope (ANS) crude oil. Because of its lower sulfur content, you can produce $78 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 currently have 
Of WTI crude, the added benefit (cost) to you if you take the trade is closest to ________.
A) ($1550) 
B) $1550 
C) ($3475) 
D) $3475

Quizplus · Accepted Answer

The Answer is B

Use the Information for the Question(s) Below