Gce Model Questions Vol1 2020 Agricultural Science Question 25
Practice objective / multiple choice question 25 from the 2020 Gce Model Questions Vol1 Agricultural Science examination.
A farmer intends to cultivate maize on 8 ha. Variable costs amount to ₦120 000 per hectare, while fixed overheads are ₦250 000. The expected market price is ₦80 per kilogram. To achieve a profit margin of at least 20 % on total revenue, what is the minimum average yield per hectare (in tonnes) that must be obtained? Give your answer to two decimal places.
Answer Options
About This Question
This is Gce Model Questions Vol1 2020 Agricultural Science Question 25. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Agricultural Science examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.