Gce Model Questions Vol1 2023 Agricultural Science Question 7
Practice objective / multiple choice question 7 from the 2023 Gce Model Questions Vol1 Agricultural Science examination.
A farmer has \(10\) ha of land to allocate between wheat and maize. Wheat yields \(3\) t ha⁻¹ and sells for N120 kg⁻¹; maize yields \(2.5\) t ha⁻¹ and sells for N80 kg⁻¹. The variable cost per hectare for wheat is \(N15\,000 + N5\,000\,x\), where \(x\) is the number of hectares planted to wheat; for maize the variable cost per hectare is \(N12\,000 + N4\,000\,y\), where \(y\) is the number of hectares planted to maize. Fixed costs are N50 000. Let \(x\) denote hectares of wheat (so \(y = 10 - x\)). Determine the value of \(x\) that maximises profit and compute the maximum profit.
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About This Question
This is Gce Model Questions Vol1 2023 Agricultural Science Question 7. It is one of the objective questions from the 2023 Gce Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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