Answer:
Introducing its online store on a country-by-country basis is a good idea from the viewpoint of market analysis.
Answer:
Crude Oil
Added Benefit = $3,737.50 ($43,137.50 - $39,400.00)
Explanation:
a) Calculations:
Benefits from ANS = $4.25 per barrel ($76 -$71.75)
Benefits from WTI = $3.94 per barrel ($77 -$73.06)
Total benefits from ANS = 10,150 x $4.25 = $43,137.50
Total benefits from WTI = 10,000 x $3.94 = $39,400.00
b) It would benefit the company to undertake the exchange, with a net benefit of $3,737.50. The difference occurs from the value derivable from refining each type of crude. While Alaska North Slope Crude Oil (ANS) costs $71.75/Bbl, West Texas Intermediate Crude Oil (WTI) costs $73.06/Bbl. In the same way, their benefits from unleaded gasoline per barrel differ. The benefit from ANS is $76 per barrel against that of WTI $77 per barrel.
In economics, activities done for others, such as providing house cleaning or dental work, are referred to as services. Tangible merchandise on the other hand are referred to as goods. When firms produce services at the lowest cost p<span>roductive efficiency is achieved.</span>