Post Utme Mountain Top University 2017 Economics Question 22
Practice objective / multiple choice question 22 from the 2017 Post Utme Mountain Top University Economics examination.
A farmer in Nigeria produces maize and soybeans. The production \costs for maize are ₦150 per bag, and the production \costs for soybeans are ₦200 per bag. If the farmer can sell maize at ₦250 per bag and soybeans at ₦300 per bag, what is the optimal mix of maize and soybeans to produce in order to maximize profits?
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About This Question
This is Post Utme Mountain Top University 2017 Economics Question 22. It is one of the objective questions from the 2017 Post Utme Mountain Top University Economics examination.
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