Neco Model Questions Vol1 2019 Agricultural Science Question 32
Practice objective / multiple choice question 32 from the 2019 Neco Model Questions Vol1 Agricultural Science examination.
A teak plantation covers 10 ha at a spacing of 1,000 trees per hectare. The volume (in m³) of a tree at age \(t\) years is given by \(V = 0.05t^{2}\) (valid up to 20 years). Timber sells for \(\N250\) per m³ and the cost of re‑planting each hectare after harvest is \(\N12,000\). Using a discount rate of 10% per annum, determine the rotation age \(H\) (in whole years) that maximises the present value of net revenue per hectare over an infinite series of rotations (Faustmann model). Also give the maximum present value (rounded to the nearest Naira).
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About This Question
This is Neco Model Questions Vol1 2019 Agricultural Science Question 32. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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