Waec Model Questions Vol1 2021 Agricultural Science Question 9

Practice objective / multiple choice question 9 from the 2021 Waec Model Questions Vol1 Agricultural Science examination.

Waec Model Questions Vol1 2021 Agricultural Science Objective / Multiple Choice Hard Difficulty
Question 9 WAEC_MODEL_QUESTIONS_VOL1 • 2021 • AGRICULTURAL_SCIENCE • objective

A maize farmer's total cost function (in Naira) is TC = 0.05Q² + 20Q + 5 000, where Q is the quantity produced in tonnes. The market price per tonne follows the linear demand equation P = 1 500 - 0.2Q. The government imposes a per‑tonne tax of 100 Naira. Determine the output level (in tonnes) that maximizes the farmer's profit after tax and calculate the maximum profit.

Answer Options

A. Output = 1380 tonnes; Maximum profit = ₦1,423,300
B. Output = 2760 tonnes; Maximum profit = ₦1,800,000
Correct Answer C. Output = 2760 tonnes; Maximum profit = ₦1,899,400
D. Output = 2960 tonnes; Maximum profit = ₦2,185,400
Correct Answer
C
Correct Option:
Output = 2760 tonnes; Maximum profit = ₦1,899,400

About This Question

This is Waec Model Questions Vol1 2021 Agricultural Science Question 9. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Agricultural Science examination.

Difficulty level: Hard .

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