A farmer owns a plot of ground and sells the right to pump crude oil from his land to a crude oil producer. The crude oil producer agrees to pay the farmer $22 a barrel for every barrel pumped from the farmer's land.(7 points)

a. During one year 10,000 barrels are pumped.

(1) The farmer receives a payment of $_______ from the crude oil producer.

(2) The value added by the farmer is $_______

b. The crude oil producer sells the 10,000 barrels pumped to a petroleum refiner at a price of $27 a barrel.

(1) The crude oil producer receives a payment of $______ from the refiner.

(2) The value added by the crude oil producer is $_______

c. The refiner employs a pipeline company to transport the crude oil from the farmer's land to the refinery and pays the pipeline company a fee of $1 a barrel for the oil transported.

(1) The pipeline company receives a payment of $_______ from the refiner.

(2) The value added by the company is $________

d. From the 10,000 barrels of crude oil, the refiner produces 315,000 gallons of gasoline and various by-products which are sold to distributors and gasoline service stations at an average price of $1 per gallon.

(1) The total payment received by the refiner from its customer is $________

(2) The value added by the refiner is $_______