Waec Model Questions Vol1 2017 Agricultural Science Question 10

Practice objective / multiple choice question 10 from the 2017 Waec Model Questions Vol1 Agricultural Science examination.

Waec Model Questions Vol1 2017 Agricultural Science Objective / Multiple Choice Medium Difficulty
Question 10 WAEC_MODEL_QUESTIONS_VOL1 • 2017 • AGRICULTURAL_SCIENCE • objective

A mixed farm produces 5 tonnes of cassava (price ₦400 per kg) and rears 20 pigs (sale price ₦80,000 each). Fixed costs amount to ₦3,000,000 per year. Variable cost per tonne of cassava is ₦120,000 and variable cost per pig is ₦30,000. Calculate the farm's net profit (or loss). If the farm is operating at a loss, state the additional revenue required to break even.

Answer Options

A. Loss of ₦500,000; needs ₦500,000 additional revenue to break even
B. Loss of ₦600,000; needs ₦700,000 additional revenue to break even
Correct Answer C. Loss of ₦600,000; needs ₦600,000 additional revenue to break even
D. Profit of ₦200,000; no additional revenue needed
Correct Answer
C
Correct Option:
Loss of ₦600,000; needs ₦600,000 additional revenue to break even

About This Question

This is Waec Model Questions Vol1 2017 Agricultural Science Question 10. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Agricultural Science examination.

Difficulty level: Medium .

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