Neco Model Questions Vol1 2018 Agricultural Science Question 42
Practice objective / multiple choice question 42 from the 2018 Neco Model Questions Vol1 Agricultural Science examination.
A farmer cultivates soybeans on \(2\) ha. Expected yield without pest damage is \(2.5\) t ha⁻¹. A pest can reduce the yield by \(20\)% if no control is applied. Extension advice recommends a pesticide costing ₦12 000 ha⁻¹, which limits the loss to \(5\)% but also causes a \(2\)% reduction in market price. The expected market price is ₦150 000 t⁻¹. Determine the net profit for the farmer with and without using the pesticide and state whether the extension recommendation is economically justified.
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About This Question
This is Neco Model Questions Vol1 2018 Agricultural Science Question 42. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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