Gce Model Questions Vol1 2017 Agricultural Science Question 11
Practice objective / multiple choice question 11 from the 2017 Gce Model Questions Vol1 Agricultural Science examination.
A farmer intends to grow maize on \(2\) ha. Fixed costs (land rent and machinery depreciation) total ₦150,000. Variable costs per hectare are seed ₦5,000, fertilizer ₦8,000 and labour ₦6,000. The market price of maize is ₦20,000 per tonne. The expected base yield is \(3\) tonnes ha\(^{-1}\) when \(8,000\) N of fertilizer per hectare is applied. For each additional \(1,000\) N of fertilizer per hectare (up to a maximum of \(10,000\) N extra), the yield increases by \(0.2\) tonne ha\(^{-1}\). Determine the minimum extra fertilizer (in multiples of \(1,000\) N per hectare) that the farmer must apply to break even (profit ≥ 0).
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About This Question
This is Gce Model Questions Vol1 2017 Agricultural Science Question 11. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Agricultural Science examination.
Difficulty level: Medium .
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