Post Utme Veritas University 2025 Economics Question 13

Practice objective / multiple choice question 13 from the 2025 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2025 Economics Objective / Multiple Choice
Question 13 POST_UTME_VERITAS_UNIVERSITY • 2025 • ECONOMICS • objective

A farmer in Nigeria decides to allocate 100 hectares of land to maize and 50 hectares to rice. If the price of maize is ₦200 per ton and the price of rice is ₦300 per ton, and the yields per hectare are 5 tons for maize and 4 tons for rice, what is the total revenue from both crops?

Answer Options

A. ₦1,500,000
B. ₦1,800,000
Correct Answer C. ₦2,000,000
D. ₦2,500,000
Correct Answer
C
Correct Option:
₦2,000,000

About This Question

This is Post Utme Veritas University 2025 Economics Question 13. It is one of the objective questions from the 2025 Post Utme Veritas University Economics examination.

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