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Use the information for the question below. Alaska North Slope Crude Oil (ANS) $71.75/Bbl West Texas Intermediate Crude Oil (WTI) $73.06/Bbl As an oil refiner,

Use the information for the question below.

Alaska North Slope Crude Oil (ANS)

$71.75/Bbl

West Texas Intermediate Crude Oil (WTI)

$73.06/Bbl

As an oil refiner, you are able to produce

$76

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.Another oil refiner is offering to trade you

10,100 Bbls

of Alaska North Slope (ANS) crude oil for

9,950 Bbls

of West Texas Intermediate (WTI) crude oil. Assuming you currently have

9,950 Bbls

of WTI crude, the added benefit (cost) to you if you take the trade is closest to:

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