Neco 2020 Agricultural Science Question 47
Practice objective / multiple choice question 47 from the 2020 Neco Agricultural Science examination.
An agricultural economist analyses a maize farm with the following data per season: fixed costs = \(150{,}000\) Naira, variable cost = \(30{,}000\) Naira per tonne, market price = \(45{,}000\) Naira per tonne. A marketing contract deducts 5 % transport charge and 2 % sales tax from the gross revenue. In addition, if production exceeds 10 tonnes a government subsidy of \(200{,}000\) Naira is paid. What is the smallest whole‑tonne production level that will give the farmer a net profit of at least \(100{,}000\) Naira?
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About This Question
This is Neco 2020 Agricultural Science Question 47. It is one of the objective questions from the 2020 Neco Agricultural Science examination.
Difficulty level: Hard .
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