Post Utme Ksu 2025 Economics Question 28
Practice objective / multiple choice question 28 from the 2025 Post Utme Ksu Economics examination.
A farmer in Nigeria decides to cultivate a new crop, which requires an initial investment of ₦100,000. The expected revenue from the crop is ₦150,000, but there is a 20% chance of a drought that would reduce the revenue to ₦50,000. What is the expected value of the revenue from the crop?
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About This Question
This is Post Utme Ksu 2025 Economics Question 28. It is one of the objective questions from the 2025 Post Utme Ksu Economics examination.
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