Neco Model Questions Vol1 2019 Geography Question 38
Practice objective / multiple choice question 38 from the 2019 Neco Model Questions Vol1 Geography examination.
A farmer cultivates maize on 5 ha. Expected yield is 3 tonnes per ha. He applies Fertilizer X at 50 kg/ha costing \(\text{₦}200\) per kg and Fertilizer Y at 30 kg/ha costing \(\text{₦}150\) per kg. Labour costs \(\text{₦}5{,}000\) per ha and other overheads total \(\text{₦}20{,}000\). If the market price per tonne is \(P\) (₦), what is the minimum price per tonne required to achieve a profit of at least \(\text{₦}100{,}000\)?
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About This Question
This is Neco Model Questions Vol1 2019 Geography Question 38. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Geography examination.
Difficulty level: Hard .
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