Waec Model Questions Vol1 2019 Agricultural Science Question 15
Practice objective / multiple choice question 15 from the 2019 Waec Model Questions Vol1 Agricultural Science examination.
A farmer intends to grow maize on 3 hectares. Expected yield is 4 tonnes per hectare. Variable cost is ₦120,000 per tonne produced and fixed cost is ₦500,000. The market price is ₦150,000 per tonne, but if more than 10 tonnes are sold the price drops by 5% for all tonnes sold. Should the farmer sell all the produce or limit sales to 10 tonnes? Compute the net profit (or loss) for each option and state the better choice.
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About This Question
This is Waec Model Questions Vol1 2019 Agricultural Science Question 15. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Agricultural Science examination.
Difficulty level: Medium .
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