Gce Model Questions Vol1 2020 Agricultural Science Question 23
Practice objective / multiple choice question 23 from the 2020 Gce Model Questions Vol1 Agricultural Science examination.
An extension officer plans a training programme for 120 farmers. The fixed cost per session is ₦50 000 and the variable cost per farmer is ₦2 000. Each farmer is expected to increase his maize yield by 1.5 tonnes, and the market price of maize is ₦150 per kilogram. Adoption of the new practice follows the logistic model \(A = \frac{1}{1+e^{-k(x-x_{0})}}\) where \(x\) is the number of training days attended (maximum 3 days), \(k = 1.5\) and \(x_{0}=1.5\). On average each farmer attends 2 days. Assuming only the proportion \(A\) of farmers realise the yield increase, calculate the net economic benefit (total additional profit minus programme costs) in Nigerian Naira, rounding to the nearest thousand naira.
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About This Question
This is Gce Model Questions Vol1 2020 Agricultural Science Question 23. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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