Post Utme Ksu 2024 Economics Question 40

Practice objective / multiple choice question 40 from the 2024 Post Utme Ksu Economics examination.

Post Utme Ksu 2024 Economics Objective / Multiple Choice
Question 40 POST_UTME_KSU • 2024 • ECONOMICS • objective

A farmer is considering two crops: maize and soybeans. If the price of maize is ₦100 per bag and the price of soybeans is ₦120 per bag, and the farmer's production \costs are ₦50 per bag for maize and ₦60 per bag for soybeans, what will be the farmer's profit-maximizing crop?

Answer Options

Correct Answer A. Maize
B. Soybeans
C. Both crops
D. Neither crop
Correct Answer
A
Correct Option:
Maize

About This Question

This is Post Utme Ksu 2024 Economics Question 40. It is one of the objective questions from the 2024 Post Utme Ksu Economics examination.

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