Neco 2018 Agricultural Science Question 21
Practice objective / multiple choice question 21 from the 2018 Neco Agricultural Science examination.
An agricultural extension service incurs a fixed annual cost of \(\text{₦}150{,}000\) and a variable cost of \(\text{₦}500\) per farmer trained. Each farmer who adopts the recommended technology gains an increase in net farm income of \(\text{₦}12{,}000\) per year. (a) Determine the minimum whole number of farmers that must adopt the technology for the extension programme to break even. (b) If the actual number of adopting farmers is 30\% higher than this break‑even number, estimate the total net benefit to the community after covering the extension costs. Express your answer in \(\text{₦}\).
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About This Question
This is Neco 2018 Agricultural Science Question 21. It is one of the objective questions from the 2018 Neco Agricultural Science examination.
Difficulty level: Hard .
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