Problem
Suppose an oil producer's average total cost of producing a barrel of oil has been $20 a barrel and the oil producer can sell that oil to a distributor for $23 a barrel. On average, this seems like a profitable business. Should the oil producer expand production given this profitability?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.