Post Utme Afe Babalola University 2024 Economics Question 1
Practice objective / multiple choice question 1 from the 2024 Post Utme Afe Babalola University Economics examination.
A farmer in Nigeria decides to cultivate a new crop, cassava, on a 10-hectare farm. The initial investment is ₦150,000, and the expected revenue is ₦250,000. However, the farmer also expects to incur additional \costs of ₦20,000 per hectare for irrigation and fertilizers. What is the minimum price per ki\logram of cassava that the farmer must sell to break even?
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This is Post Utme Afe Babalola University 2024 Economics Question 1. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Economics examination.
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