Neco 2022 Agricultural Science Question 45

Practice objective / multiple choice question 45 from the 2022 Neco Agricultural Science examination.

Neco 2022 Agricultural Science Objective / Multiple Choice Medium Difficulty
Question 45 NECO • 2022 • AGRICULTURAL_SCIENCE • objective

A farmer intends to produce 3 tonnes of fresh tomatoes per season. Variable cost is ₦120,000 per tonne; fixed costs total ₦150,000 per season. Anticipated market price is ₦200,000 per tonne, but a 10 % post‑harvest loss reduces the sellable quantity. What is the minimum market price per tonne (after loss) required to break even, and is the expected price of ₦200,000 per tonne sufficient?

Answer Options

A. Break‑even price ≈ ₦185,000 per tonne; the expected price of ₦200,000 per tonne is sufficient.
Correct Answer B. Break‑even price ≈ ₦188,889 per tonne; the expected price of ₦200,000 per tonne is sufficient.
C. Break‑even price ≈ ₦191,111 per tonne; the expected price of ₦200,000 per tonne is sufficient.
D. Break‑even price ≈ ₦188,889 per tonne; the expected price of ₦190,000 per tonne is insufficient.
Correct Answer
B
Correct Option:
Break‑even price ≈ ₦188,889 per tonne; the expected price of ₦200,000 per tonne is sufficient.

About This Question

This is Neco 2022 Agricultural Science Question 45. It is one of the objective questions from the 2022 Neco Agricultural Science examination.

Difficulty level: Medium .

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