Gce Model Questions Vol1 2025 Agricultural Science Question 21

Practice objective / multiple choice question 21 from the 2025 Gce Model Questions Vol1 Agricultural Science examination.

Gce Model Questions Vol1 2025 Agricultural Science Objective / Multiple Choice Hard Difficulty
Question 21 GCE_MODEL_QUESTIONS_VOL1 • 2025 • AGRICULTURAL_SCIENCE • objective

A wheat farm has a total cost function \(TC = 0.02Q^{2} + 5Q + 100\) (in Naira) where \(Q\) is the output in tonnes. The market demand price is given by \(P = 200 - 0.1Q\) (Naira per tonne). Determine the output level that maximizes profit and calculate the maximum profit.

Answer Options

Correct Answer A. Output = 812.5 tonnes; Maximum profit = 79,118.75 Naira
B. Output = 750 tonnes; Maximum profit = 70,000 Naira
C. Output = 800 tonnes; Maximum profit = 78,000 Naira
D. Output = 850 tonnes; Maximum profit = 80,500 Naira
Correct Answer
A
Correct Option:
Output = 812.5 tonnes; Maximum profit = 79,118.75 Naira

About This Question

This is Gce Model Questions Vol1 2025 Agricultural Science Question 21. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Agricultural Science examination.

Difficulty level: Hard .

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