Waec Model Questions Vol1 2017 Agricultural Science Question 25

Practice objective / multiple choice question 25 from the 2017 Waec Model Questions Vol1 Agricultural Science examination.

Waec Model Questions Vol1 2017 Agricultural Science Objective / Multiple Choice Medium Difficulty
Question 25 WAEC_MODEL_QUESTIONS_VOL1 • 2017 • AGRICULTURAL_SCIENCE • objective

A farmer plans to grow soybeans. Fixed costs for the enterprise are ₦150 000. Variable cost is ₦45 000 per hectare. Expected yield is 2.5 t ha⁻¹ and the market price is ₦120 000 per tonne. (a) Determine the minimum area (in hectares, to two decimal places) that must be cultivated to break even. (b) If the farmer cultivates 5 ha, calculate the expected profit.

Answer Options

Correct Answer A. Break‑even area = 0.59 ha; Profit for 5 ha = ₦1 125 000
B. Break‑even area = 0.45 ha; Profit for 5 ha = ₦1 050 000
C. Break‑even area = 0.62 ha; Profit for 5 ha = ₦1 080 000
D. Break‑even area = 0.71 ha; Profit for 5 ha = ₦1 200 000
Correct Answer
A
Correct Option:
Break‑even area = 0.59 ha; Profit for 5 ha = ₦1 125 000

About This Question

This is Waec Model Questions Vol1 2017 Agricultural Science Question 25. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Agricultural Science examination.

Difficulty level: Medium .

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