Neco Model Questions Vol1 2018 Agricultural Science Question 37

Practice objective / multiple choice question 37 from the 2018 Neco Model Questions Vol1 Agricultural Science examination.

Neco Model Questions Vol1 2018 Agricultural Science Objective / Multiple Choice Medium Difficulty
Question 37 NECO_MODEL_QUESTIONS_VOL1 • 2018 • AGRICULTURAL_SCIENCE • objective

A farmer intends to cultivate maize on 5 ha. The fixed costs are land rent ₦30 000 and machinery depreciation ₦12 000. Variable costs per hectare are seed ₦1 500, fertilizer ₦2 000 and labour ₦1 500. The expected market price is ₦1 200 per tonne. (i) What is the break‑even yield per hectare (in tonnes) required to cover all costs? (ii) What minimum yield per hectare is needed to achieve a profit of at least ₦20 000?

Answer Options

A. Break‑even yield ≈ 10.25 t ha\(^{-1}\); minimum yield for ₦20 000 profit ≈ 13.00 t ha\(^{-1}\).
B. Break‑even yield ≈ 12.00 t ha\(^{-1}\); minimum yield for ₦20 000 profit ≈ 15.75 t ha\(^{-1}\).
Correct Answer C. Break‑even yield ≈ 11.17 t ha\(^{-1}\); minimum yield for ₦20 000 profit ≈ 14.50 t ha\(^{-1}\).
D. Break‑even yield ≈ 9.80 t ha\(^{-1}\); minimum yield for ₦20 000 profit ≈ 12.30 t ha\(^{-1}\).
Correct Answer
C
Correct Option:
Break‑even yield ≈ 11.17 t ha\(^{-1}\); minimum yield for ₦20 000 profit ≈ 14.50 t ha\(^{-1}\).

About This Question

This is Neco Model Questions Vol1 2018 Agricultural Science Question 37. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Agricultural Science examination.

Difficulty level: Medium .

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