Neco Model Questions Vol1 2017 Agricultural Science Question 26
Practice objective / multiple choice question 26 from the 2017 Neco Model Questions Vol1 Agricultural Science examination.
A farmer plans to grow maize. Fixed costs are ₦1,200,000 per season and the variable cost is ₦80,000 per hectare. Expected yield is 2.5 tonnes per hectare and the market price is ₦90,000 per tonne. The government gives a subsidy of ₦3,000 per tonne of maize produced on any hectare beyond the first 10 hectares. The farmer wants a profit of at least ₦500,000. What is the minimum whole number of hectares the farmer must cultivate to meet the profit target?
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About This Question
This is Neco Model Questions Vol1 2017 Agricultural Science Question 26. It is one of the objective questions from the 2017 Neco Model Questions Vol1 Agricultural Science examination.
Difficulty level: Medium .
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