Gce Model Questions Vol1 2019 Agricultural Science Question 50
Practice objective / multiple choice question 50 from the 2019 Gce Model Questions Vol1 Agricultural Science examination.
A mixed farm grows wheat on 10 ha with an expected yield of 4 t ha\(^{-1}\). Variable costs are \(\$150\) per hectare and fixed overhead for the crop is \(\$800\). The current market price for wheat is \(\$200\) t\(^{-1}\). The farm also keeps 20 dairy cows, each producing 20 L of milk per day. Milk is sold at \(\$0.45\) per litre. Feed costs \(\$2.50\) per cow per day and fixed livestock overhead is \(\$500\) per month. The farm operates 30 days per month for 12 months.\n\n(a) Calculate the total annual profit from both crop and livestock components.\n(b) If the wheat price falls, what is the minimum wheat price (per tonne) required to keep the farm's total annual profit at least \(\$45 000\)?
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This is Gce Model Questions Vol1 2019 Agricultural Science Question 50. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Agricultural Science examination.
Difficulty level: Medium .
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