Post Utme Afe Babalola University 2023 Economics Question 2

Practice objective / multiple choice question 2 from the 2023 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2023 Economics Objective / Multiple Choice
Question 2 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2023 • ECONOMICS • objective

A farmer in Nigeria plans to cultivate 100 hectares of maize. If the price of maize is ₦10,000 per ton, and the \cost of production is ₦8,000 per ton, what is the farmer's profit per ton?

Answer Options

A. ₦2,000
Correct Answer B. ₦3,000
C. ₦4,000
D. ₦5,000
Correct Answer
B
Correct Option:
₦3,000

About This Question

This is Post Utme Afe Babalola University 2023 Economics Question 2. It is one of the objective questions from the 2023 Post Utme Afe Babalola University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support