Post Utme Summit University 2022 Economics Question 7

Practice objective / multiple choice question 7 from the 2022 Post Utme Summit University Economics examination.

Post Utme Summit University 2022 Economics Objective / Multiple Choice
Question 7 POST_UTME_SUMMIT_UNIVERSITY • 2022 • ECONOMICS • objective

A farmer in Nigeria has 100 hectares of land to cultivate maize and sorghum. If the marginal product of maize is 20 tons per hectare and the marginal product of sorghum is 15 tons per hectare, and the farmer can sell maize at ₦200 per ton and sorghum at ₦150 per ton, what is the optimal allocation of land between maize and sorghum?

Answer Options

A. 50 hectares for maize and 50 hectares for sorghum
Correct Answer B. 60 hectares for maize and 40 hectares for sorghum
C. 70 hectares for maize and 30 hectares for sorghum
D. 80 hectares for maize and 20 hectares for sorghum
Correct Answer
B
Correct Option:
60 hectares for maize and 40 hectares for sorghum

About This Question

This is Post Utme Summit University 2022 Economics Question 7. It is one of the objective questions from the 2022 Post Utme Summit University Economics examination.

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