Post Utme Lautech 2020 Geography Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Lautech Geography examination.

Post Utme Lautech 2020 Geography Objective / Multiple Choice
Question 24 POST_UTME_LAUTECH • 2020 • GEOGRAPHY • objective

A farmer is considering using a new type of fertilizer that is expected to increase crop yields by 20%. However, the fertilizer is also expected to increase the cost of production by 15%. Calculate the net effect of using the new fertilizer on the farmer's profit.

Answer Options

Correct Answer A. Increase of 5%
B. Decrease of 5%
C. No change
D. Increase of 10%
Correct Answer
A
Correct Option:
Increase of 5%

About This Question

This is Post Utme Lautech 2020 Geography Question 24. It is one of the objective questions from the 2020 Post Utme Lautech Geography examination.

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