Gce Model Questions Vol1 2024 Agricultural Science Question 27
Practice objective / multiple choice question 27 from the 2024 Gce Model Questions Vol1 Agricultural Science examination.
A wheat farm has fixed costs of ₦150 000 per season and a variable cost of ₦45 000 per tonne of wheat produced. The current market price is ₦70 000 per tonne.\n(a) How many tonnes must be sold to achieve a profit of ₦120 000?\n(b) If the market price falls by 10 % and the variable cost rises by 5 %, what profit will be made if the farmer still sells the quantity found in part (a)?
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This is Gce Model Questions Vol1 2024 Agricultural Science Question 27. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Agricultural Science examination.
Difficulty level: Medium .
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