Neco 2021 Geography Question 14
Practice objective / multiple choice question 14 from the 2021 Neco Geography examination.
The yield of a crop (in tonnes per hectare) as a function of the amount of fertilizer applied \(F\) (kg ha\(^{-1}\)) is given by \(Y(F)= -0.02F^{2}+1.2F+5\) for \(0\le F\le 100\). The market price of the crop is ₦200 per kg, the cost of fertilizer is ₦30 per kg, and the fixed production cost is ₦10,000 per hectare. Determine the fertilizer amount that maximizes profit per hectare and compute the maximum profit.
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About This Question
This is Neco 2021 Geography Question 14. It is one of the objective questions from the 2021 Neco Geography examination.
Difficulty level: Hard .
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