Post Utme Babcock University 2021 Economics Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2021 Economics Objective / Multiple Choice
Question 4 POST_UTME_BABCOCK_UNIVERSITY • 2021 • ECONOMICS • objective

A farmer has 100 hectares of land and can grow either wheat or maize. The revenue from growing wheat is given by \( R_w = 1000Q_w - 2Q_w^2 \) and the revenue from growing maize is given by \( R_m = 800Q_m - Q_m^2 \). If the farmer can grow either crop, which crop should he grow to maximize his revenue?

Answer Options

Correct Answer A. Wheat
B. Maize
C. Either crop
D. Neither crop
Correct Answer
A
Correct Option:
Wheat

About This Question

This is Post Utme Babcock University 2021 Economics Question 4. It is one of the objective questions from the 2021 Post Utme Babcock University Economics examination.

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