Neco 2017 Agricultural Science Question 44
Practice objective / multiple choice question 44 from the 2017 Neco Agricultural Science examination.
A farmer has 10 ha of land to allocate between maize and soybean. After variable costs, maize yields a profit of ₦150 000 per ha and incurs a fixed cost of ₦20 000 per ha. Soybean yields a profit of ₦120 000 per ha after variable costs and incurs a fixed cost of ₦15 000 per ha. Fixed costs are incurred on each hectare regardless of the crop. The farmer wants a net profit of at least ₦1 200 000 while minimizing total variable cost. Determine the minimum area (in hectares) that must be planted to soybean to meet the profit target.
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About This Question
This is Neco 2017 Agricultural Science Question 44. It is one of the objective questions from the 2017 Neco Agricultural Science examination.
Difficulty level: Hard .
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