Neco 2017 Agricultural Science Question 16
Practice objective / multiple choice question 16 from the 2017 Neco Agricultural Science examination.
A farmer raises goats and chickens. The farm incurs a fixed annual cost of N300,000. The variable cost per goat is N10,000 and per chicken is N2,000. Each goat sells for N18,000 and each chicken for N5,000. The farmer plans to keep a total of 100 animals and wants to earn a profit of at least N200,000. How many goats must he raise at minimum to meet this profit target? Assume the remaining animals are chickens. Use the profit expression \( \text{Profit} = (18,000 g + 5,000 c) - (300,000 + 10,000 g + 2,000 c) \ge 200,000 \), with \( c = 100 - g \).
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About This Question
This is Neco 2017 Agricultural Science Question 16. It is one of the objective questions from the 2017 Neco Agricultural Science examination.
Difficulty level: Medium .
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