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Tapis Outback Crude Oil (TOC) $71.75/Bbl Western Australian Intermediate Crude Oil (WAI) $73.06/Bbl As an oil refiner, you are able to produce $76 worth of

Tapis Outback Crude Oil (TOC) $71.75/Bbl
Western Australian Intermediate Crude Oil (WAI) $73.06/Bbl

As an oil refiner, you are able to produce $76 worth of unleaded petrol from one barrel of Tapis Outback Crude (TOC) oil. Because of its lower sulfur content, you can produce $77 worth of unleaded petrol from one barrel of Western Australian Intermediate (WAI) crude.

Another oil refiner is offering to trade you 10,150 Bbls of TOC crude oil for 10,000 Bbls of WAI crude oil. Assuming you just purchased 10,000 Bbls of WAI crude at the current market price, the total benefit (cost) to you if you take the trade is closest to:

Select one:

A.$730,600B.$770,000C.$771,400D.$773,908

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