Gce Model Questions Vol1 2025 Economics Question 30
Practice objective / multiple choice question 30 from the 2025 Gce Model Questions Vol1 Economics examination.
A wheat farmer can apply nitrogen fertilizer at \(F\) kg per hectare (0 ≤ F ≤ 200). The expected yield (tons per hectare) is \(Y = 2 + 0.05F - 0.0001F^{2}\). Wheat sells for ₦150,000 per ton. Fertilizer costs ₦120 per kg and fixed costs are ₦30,000 per hectare. Determine the fertilizer amount that maximises profit per hectare and calculate the maximum profit (in Naira).
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This is Gce Model Questions Vol1 2025 Economics Question 30. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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