Neco 2018 Agricultural Science Question 6
Practice objective / multiple choice question 6 from the 2018 Neco Agricultural Science examination.
A farmer plans to cultivate maize on a variable area of land (in hectares). Fixed costs for the season are ₦150,000. Variable cost is ₦30,000 per hectare. Expected yield is 4 tonnes per hectare. The market price is ₦45,000 per tonne, but if total production exceeds 18 tonnes the price falls by 10%, becoming \(0.9 \times 45{,}000 = 40{,}500\) naira per tonne. Determine the minimum area (to two decimal places) that must be cultivated to obtain a profit of at least \(200{,}000\) naira.
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About This Question
This is Neco 2018 Agricultural Science Question 6. It is one of the objective questions from the 2018 Neco Agricultural Science examination.
Difficulty level: Medium .
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