Gce Model Questions Vol1 2017 Agricultural Science Question 45
Practice objective / multiple choice question 45 from the 2017 Gce Model Questions Vol1 Agricultural Science examination.
A wheat farmer faces the following data (all costs in \(\text{₦}\)): - Fixed costs per season: \(50{,}000\). - Variable cost per hectare (excluding fertilizer): \(200\). - Fertilizer costs \(0.5\) ₦ per kg. - Wheat price: \(2\) ₦ per kg. - Yield per hectare (kg) as a function of fertilizer applied \(x\) (kg ha\(^{-1}\)) is \(Y = 5{,}000x - 100x^{2}\) for \(0 \le x \le 25\). Determine the amount of fertilizer (in kg ha\(^{-1}\)) that maximises the farmer's profit per hectare and calculate the maximum profit per hectare (rounded to the nearest naira).
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About This Question
This is Gce Model Questions Vol1 2017 Agricultural Science Question 45. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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