Neco Model Questions Vol1 2020 Agricultural Science Question 27
Practice objective / multiple choice question 27 from the 2020 Neco Model Questions Vol1 Agricultural Science examination.
A farmer has fixed annual costs of \(\text{₦}150\,000\) and earns a profit of \(\text{₦}40\,000\) per year from a maize enterprise that is independent of livestock. He keeps \(n\) dairy cows. Each cow consumes \(12\) kg of concentrate feed per day. The price of concentrate is \(\text{₦}200\) per kg for the first ten cows; for each cow above ten the price rises by \(\text{₦}20\) per kg for the whole purchase (i.e., price per kg = \(200+20\times(n-10)\) when \(n>10\)). Each cow yields \(18\) L of milk per day, sold at \(\text{₦}140\) per litre. Assuming 365 days in a year, what is the smallest integer \(n\) that allows the farmer to break even (total profit \(\ge 0\))?
Answer Options
About This Question
This is Neco Model Questions Vol1 2020 Agricultural Science Question 27. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Agricultural Science examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.