Neco 2021 Agricultural Science Question 31
Practice objective / multiple choice question 31 from the 2021 Neco Agricultural Science examination.
A farmer sells maize and the market price per ton is given by \(P = 200 - 0.05Q\) where \(Q\) is the quantity sold in tons. The farmer incurs fixed costs of \(\text{₦}30,000\) and a constant variable cost of \(\text{₦}40\) per ton. What is the maximum profit (in Naira) the farmer can achieve?
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About This Question
This is Neco 2021 Agricultural Science Question 31. It is one of the objective questions from the 2021 Neco Agricultural Science examination.
Difficulty level: Hard .
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