Gce Model Questions Vol1 2024 Agricultural Science Question 46
Practice objective / multiple choice question 46 from the 2024 Gce Model Questions Vol1 Agricultural Science examination.
A farm has fixed costs of ₦120,000 per season and a variable cost of ₦30,000 per tonne of wheat produced. The market demand for wheat is described by the linear function \( Q = 500 - 5P \), where \( Q \) is the quantity demanded in tonnes and \( P \) is the price in thousands of naira per tonne. Determine the minimum price per tonne (in naira) that will allow the farm to break even.
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About This Question
This is Gce Model Questions Vol1 2024 Agricultural Science Question 46. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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