Neco 2025 Economics Question 25
Practice objective / multiple choice question 25 from the 2025 Neco Economics examination.
A farmer has 100 hectares of land to allocate between wheat and maize. For wheat, the first 60 hectares yield 2.5 tonnes per hectare; any hectare beyond 60 yields only 1.5 tonnes per hectare. For maize, the first 40 hectares yield 3 tonnes per hectare; any hectare beyond 40 yields 2 tonnes per hectare. Market prices are ₦120,000 per tonne of wheat and ₦90,000 per tonne of maize. Production costs are ₦30,000 per hectare for wheat and ₦25,000 per hectare for maize. Determine the allocation of hectares to wheat and maize that maximizes total profit and state the maximum profit (in naira).
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About This Question
This is Neco 2025 Economics Question 25. It is one of the objective questions from the 2025 Neco Economics examination.
Difficulty level: Hard .
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