Neco 2024 Geography Question 44

Data for two crops grown on a 1‑hectare farm are given below. Maize: - Yield = 4.5 tonnes per hectare. - Market price = \(\text{₦}120\) per kg. - Fertiliser (NPK) requirement = 150 kg per hectare at \(\text{₦}20\) per kg. - Labour = 2 days per hectare at \(\text{₦}5,000\) per day. - Fixed overhead = \(\text{₦}30,000\) per hectare. Sorghum: - Yield = 3.2 tonnes per hectare. - Market price = unknown (to be determined). - Fertiliser requirement = 120 kg per hectare at \(\text{₦}20\) per kg. - Labour = 1.5 days per hectare at \(\text{₦}5,000\) per day. - Fixed overhead = \(\text{₦}30,000\) per hectare. (a) Calculate the net profit per hectare for maize. (b) Determine the minimum market price per kg of sorghum that would make its net profit per hectare equal to that of maize. (c) If the current market price of sorghum is \(\text{₦}150\) per kg, which crop yields the higher net profit per hectare? Provide answers to (a) in millions of naira to three decimal places, (b) in naira per kg rounded to the nearest naira, and (c) as the name of the more profitable crop.