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If total exploration cost for one of the oil holes was $100,000,000 and the estimated quantity that can be extracted was 10,000,000 barrels of oil.
If total exploration cost for one of the oil holes was $100,000,000 and the estimated quantity that can be extracted was 10,000,000 barrels of oil. Total production cost for that year was $5,000,000 to extract 2,000,000 barrels of oil. Based on this, total cost of the 2,000,000 barrels of oil is:
Select one:
a. $15,000,000
b. Another amount
c. $10,000,000
d. $105,000,000
e. $25,000,000
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