Post Utme Osustech 2019 Economics Question 12

Practice objective / multiple choice question 12 from the 2019 Post Utme Osustech Economics examination.

Post Utme Osustech 2019 Economics Objective / Multiple Choice
Question 12 POST_UTME_OSUSTECH • 2019 • ECONOMICS • objective

A farmer has 100 hectares of land to cultivate two crops, maize and beans. The marginal product of maize is 20 tons per hectare, and the marginal product of beans is 15 tons per hectare. If the farmer wants to maximize profit, how many hectares should be allocated to each crop?

Answer Options

Correct Answer A. Maize: 60 hectares, Beans: 40 hectares
B. Maize: 50 hectares, Beans: 50 hectares
C. Maize: 40 hectares, Beans: 60 hectares
D. Maize: 30 hectares, Beans: 70 hectares
Correct Answer
A
Correct Option:
Maize: 60 hectares, Beans: 40 hectares

About This Question

This is Post Utme Osustech 2019 Economics Question 12. It is one of the objective questions from the 2019 Post Utme Osustech Economics examination.

View More Post Utme Osustech 2019 Economics Questions More Post Utme Osustech Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support