Gce Model Questions Vol1 2017 Agricultural Science Question 40
Practice objective / multiple choice question 40 from the 2017 Gce Model Questions Vol1 Agricultural Science examination.
The market demand for a cash crop is given by \(Q = 5000 - 0.3P\), where \(Q\) is the quantity (tonnes per hectare) and \(P\) is the price (₦ per tonne). Variable cost is ₦12 000 per tonne and fixed cost is ₦20 000 per hectare. What price per tonne maximises the farmer's profit?
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About This Question
This is Gce Model Questions Vol1 2017 Agricultural Science Question 40. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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