Post Utme Osustech 2021 Economics Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Osustech Economics examination.

Post Utme Osustech 2021 Economics Objective / Multiple Choice
Question 22 POST_UTME_OSUSTECH • 2021 • ECONOMICS • objective

A farmer in Nigeria is considering two different irrigation systems for her farm. System A \costs ₦100,000 upfront but saves ₦20,000 per year in water \costs. System B \costs ₦50,000 upfront but saves ₦15,000 per year in water \costs. If the farmer expects to use the irrigation system for 5 years, which system should she choose?

Answer Options

Correct Answer A. System A
B. System B
C. Both systems are equally profitable
D. Neither system is profitable
Correct Answer
A
Correct Option:
System A

About This Question

This is Post Utme Osustech 2021 Economics Question 22. It is one of the objective questions from the 2021 Post Utme Osustech Economics examination.

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