Neco 2021 Agricultural Science Question 30

Practice objective / multiple choice question 30 from the 2021 Neco Agricultural Science examination.

Neco 2021 Agricultural Science Objective / Multiple Choice Medium Difficulty
Question 30 NECO • 2021 • AGRICULTURAL_SCIENCE • objective

A farmer plans to raise 200 broiler chickens. Fixed costs are \(250,000\) NGN and the variable cost is \(1,200\) NGN per bird. Each bird can be sold for \(2,500\) NGN. Anticipated mortality is 10\%.\n(a) How many birds must survive to break even?\n(b) Assuming the 10\% mortality occurs, what is the expected profit or loss?

Answer Options

A. (a) 200 birds must survive. (b) Expected loss = 0 NGN.
B. (a) 190 birds must survive. (b) Expected loss = 20,000 NGN.
Correct Answer C. (a) 196 birds must survive. (b) Expected loss = 40,000 NGN.
D. (a) 196 birds must survive. (b) Expected profit = 10,000 NGN.
Correct Answer
C
Correct Option:
(a) 196 birds must survive. (b) Expected loss = 40,000 NGN.

About This Question

This is Neco 2021 Agricultural Science Question 30. It is one of the objective questions from the 2021 Neco Agricultural Science examination.

Difficulty level: Medium .

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