Neco Model Questions Vol1 2017 Agricultural Science Question 3
Practice objective / multiple choice question 3 from the 2017 Neco Model Questions Vol1 Agricultural Science examination.
A poultry farm has fixed costs of N150,000 per year. Variable cost per bird (feed, medication, etc.) is N2,500 and the selling price per bird is N3,500. (a) Determine the break‑even number of birds. (b) If the price of feed rises by 10 % causing the variable cost per bird to increase accordingly, what is the new break‑even number of birds and how many additional birds must be sold to cover the same fixed costs?
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About This Question
This is Neco Model Questions Vol1 2017 Agricultural Science Question 3. It is one of the objective questions from the 2017 Neco Model Questions Vol1 Agricultural Science examination.
Difficulty level: Medium .
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