Post Utme Uniben 2024 Economics Question 37

Practice objective / multiple choice question 37 from the 2024 Post Utme Uniben Economics examination.

Post Utme Uniben 2024 Economics Objective / Multiple Choice
Question 37 POST_UTME_UNIBEN • 2024 • ECONOMICS • objective

A farmer in Nigeria decides to allocate 100 hectares of land between maize and yams. The marginal product of maize is 20 tons per hectare, while the marginal product of yams is 15 tons per hectare. Assuming the farmer's objective is to maximize output, what is the optimal allocation of land between maize and yams?

Answer Options

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

About This Question

This is Post Utme Uniben 2024 Economics Question 37. It is one of the objective questions from the 2024 Post Utme Uniben Economics examination.

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