Waec Model Questions Vol1 2024 Economics Question 12

Practice objective / multiple choice question 12 from the 2024 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2024 Economics Objective / Multiple Choice Hard Difficulty
Question 12 WAEC_MODEL_QUESTIONS_VOL1 • 2024 • ECONOMICS • objective

A farmer has 20 hectares of land to allocate between wheat and rice. Each hectare of wheat yields a profit of ₦500,000 and requires 2 kg of fertilizer. Each hectare of rice yields a profit of ₦600,000 and requires 3 kg of fertilizer. The farmer possesses only 45 kg of fertilizer. Determine how many hectares of wheat and rice should be cultivated to maximise total profit and state the maximum profit.

Answer Options

A. 13 hectares wheat, 6 hectares rice; maximum profit = ₦10,100,000
B. 14 hectares wheat, 5 hectares rice; maximum profit = ₦10,000,000
Correct Answer C. 15 hectares wheat, 5 hectares rice; maximum profit = ₦10,500,000
D. 12 hectares wheat, 7 hectares rice; maximum profit = ₦10,200,000
Correct Answer
C
Correct Option:
15 hectares wheat, 5 hectares rice; maximum profit = ₦10,500,000

About This Question

This is Waec Model Questions Vol1 2024 Economics Question 12. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Economics examination.

Difficulty level: Hard .

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