This is a multi-part question, and they use the graph below. Graph: 1) Which oil

Question

This is a multi-part question, and they use the graph below.

Graph:

1) Which oil field produced the most oil in the year 2001 (NOT 2002)?

A) Sapphire

B) Emerald

C) Topaz

D) Diamond

E) Amethyst

2) For which oil field is the ratio of Operating Costs to Exploration and Capital Costs the highest?

A) Sapphire

B) Emerald

C) Topaz

D) Diamond

E) Amethyst

Galmar Desert Oil Comparative Costs - 200 Field Sapphire EmeraldTop Diamond Amethyst Average Daily Outpub (1,000s barrels) 150 224 90% | 80% | 110% | 150% | 75% 210 240 418510 240 Total Output as % of preMous year Operating Costs for year ($m) 375 300 120 Explorabion & Capital Costs ($rr) 9,000 6,00012,0008,00012,000 m million

Explanation / Answer

1.c.Topaz

working:

previous year production = current year average / output as percent of previous year.

2.B.Emerald.

ratio of operating cost to exploration and capital cost = operating cost / exploration and capital costs:

sapphire emerald topaz diamond amethyst 2001 average output (150/90%)=>166.67 (224/80%)=>280 (418/110%)=>380 (510/150%)=>340 (240/75%)=>320

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