Waec Model Questions Vol1 2022 Agricultural Science Question 3
Practice objective / multiple choice question 3 from the 2022 Waec Model Questions Vol1 Agricultural Science examination.
A farmer intends to cultivate maize on 5 hectares. Expected yield is 4 tonnes per hectare. Variable cost is ₦150,000 per tonne produced, and fixed cost is ₦200,000 per hectare. The market price is ₦250,000 per tonne, but if total production exceeds 15 tonnes the price falls by 5%. Calculate the farmer's profit or loss.
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About This Question
This is Waec Model Questions Vol1 2022 Agricultural Science Question 3. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Agricultural Science examination.
Difficulty level: Medium .
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