Neco Model Questions Vol1 2017 Agricultural Science Question 32
Practice objective / multiple choice question 32 from the 2017 Neco Model Questions Vol1 Agricultural Science examination.
A tomato farmer plans to expand his farm. Fixed costs are ₦150 000. Variable cost is ₦30 000 per hectare. Expected yield is 20 000 kg per hectare. The market price per kilogram falls linearly with total production according to \( P = 15 - 0.0002 Q \) where \( Q \) is the total kilograms produced. Determine the number of hectares that will give the maximum profit. (Assume the farmer can only cultivate whole hectares.)
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About This Question
This is Neco Model Questions Vol1 2017 Agricultural Science Question 32. It is one of the objective questions from the 2017 Neco Model Questions Vol1 Agricultural Science examination.
Difficulty level: Medium .
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