Neco 2025 Economics Question 32
Practice objective / multiple choice question 32 from the 2025 Neco Economics examination.
A farmer has a 5‑hectare plot that can be used either for maize or for beans. The expected net profit per hectare from maize is \(\text{₦}130,000\). For beans, the gross profit per hectare is \(\text{₦}150,000\) but a fertilizer cost of \(\text{₦}30,000\) per hectare must be paid. What is the opportunity cost, in naira, of choosing to plant maize on the whole plot instead of beans?
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About This Question
This is Neco 2025 Economics Question 32. It is one of the objective questions from the 2025 Neco Economics examination.
Difficulty level: Easy .
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