Post Utme Unn 2021 Economics Question 28

Practice objective / multiple choice question 28 from the 2021 Post Utme Unn Economics examination.

Post Utme Unn 2021 Economics Objective / Multiple Choice
Question 28 POST_UTME_UNN • 2021 • ECONOMICS • objective

A farmer has 100 hectares of land and can plant either maize or soybeans. The revenue from maize is ₦100,000 per hectare and the \cost is ₦50,000 per hectare. The revenue from soybeans is ₦80,000 per hectare and the \cost is ₦30,000 per hectare. What is the optimal crop to plant?

Answer Options

Correct Answer A. Maize
B. Soybeans
C. Either crop is optimal
D. Neither crop is optimal
Correct Answer
A
Correct Option:
Maize

About This Question

This is Post Utme Unn 2021 Economics Question 28. It is one of the objective questions from the 2021 Post Utme Unn Economics examination.

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