Neco 2017 Agricultural Science Question 14
Practice objective / multiple choice question 14 from the 2017 Neco Agricultural Science examination.
A farmer expects a maize yield of \(5\) tonnes per hectare. Fixed costs are \(\text{₦}150\,000\) ha\(^{-1}\). Variable costs amount to \(\text{₦}30\) per kilogram of maize produced. If the market price is \(\text{₦}45\) kg\(^{-1}\), calculate the profit (or loss) per hectare. Then determine the minimum market price per kilogram required to achieve a profit of at least \(\text{₦}50\,000\) ha\(^{-1}\).
Answer Options
About This Question
This is Neco 2017 Agricultural Science Question 14. It is one of the objective questions from the 2017 Neco Agricultural Science examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.