Post Utme Greenfield University 2023 Economics Question 32

Practice objective / multiple choice question 32 from the 2023 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2023 Economics Objective / Multiple Choice
Question 32 POST_UTME_GREENFIELD_UNIVERSITY • 2023 • ECONOMICS • objective

A farmer in Nigeria has 100 hectares of land to cultivate maize. The opportunity \cost of cultivating maize is $10 per hectare. If the market price of maize is $15 per hectare, what is the maximum amount the farmer can afford to sp\end on fertilizers and other inputs?

Answer Options

A. $1000
Correct Answer B. $1500
C. $2000
D. $2500
Correct Answer
B
Correct Option:
$1500

About This Question

This is Post Utme Greenfield University 2023 Economics Question 32. It is one of the objective questions from the 2023 Post Utme Greenfield University Economics examination.

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