Post Utme Mountain Top University 2017 Economics Question 19
Practice objective / multiple choice question 19 from the 2017 Post Utme Mountain Top University Economics examination.
A farmer in Nigeria is considering two different farming techniques: traditional and modern. The traditional technique requires an initial investment of ₦50,000 and yields a profit of ₦20,000 per hectare. The modern technique requires an initial investment of ₦100,000 and yields a profit of ₦40,000 per hectare. If the farmer has ₦150,000 to invest, which technique should he choose?
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About This Question
This is Post Utme Mountain Top University 2017 Economics Question 19. It is one of the objective questions from the 2017 Post Utme Mountain Top University Economics examination.
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