Gce Model Questions Vol1 2025 Agricultural Science Question 13
Practice objective / multiple choice question 13 from the 2025 Gce Model Questions Vol1 Agricultural Science examination.
A farmer intends to cultivate maize on 5 ha. The one‑time fixed cost is ₦250 000 per hectare. Variable costs are ₦80 000 per hectare in the first year and increase by 5 % each subsequent year. Expected yield is 3.5 t per hectare. The market price is ₦100 000 per tonne in the first year and rises by 8 % annually. Assuming no other costs, after how many whole years will the cumulative profit exceed ₦3 000 000?
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About This Question
This is Gce Model Questions Vol1 2025 Agricultural Science Question 13. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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