Question: 12 ) As an oil refiner , you are able to produce $7 6 worth of unleaded gasoline from one barrel of Alaska North Slope

 12 ) As an oil refiner , you are able to

12 ) As an oil refiner , you are able to produce $7 6 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 . The competitive market prices for Alaska North Slope Crude and West Texas Intermediate Crude are Alaska North Slope Crude ( ANS ) $71.75 / Bbl West Texas Intermediate Crude ( WTI) $73.06 / Bb Another oil refiner is offering to trade you 10 150 Bbls of Alaska North Slope ( ANS ) crude oil for 10 000 Bbls of West Texas Intermediate ( WTI ) crude oil . Assuming you currently have 10 000 Bbls of WTI crude , the added benefit ( cost ) to you if you take the trade is closest to A) ($1400 ) B ) $1400 C ) ($3908) 153908

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