Post Utme Elizade University 2018 Economics Question 3
Practice objective / multiple choice question 3 from the 2018 Post Utme Elizade University Economics examination.
A farmer has 100 hectares of land and wants to plant two crops, maize and soybeans. The revenue from maize is ₦100,000 per hectare, while the revenue from soybeans is ₦120,000 per hectare. If the \cost of planting maize is ₦80,000 per hectare and the \cost of planting soybeans is ₦60,000 per hectare, what is the optimal crop mix?
Answer Options
About This Question
This is Post Utme Elizade University 2018 Economics Question 3. It is one of the objective questions from the 2018 Post Utme Elizade 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.