Neco Model Questions Vol1 2021 Agricultural Science Question 15

Practice objective / multiple choice question 15 from the 2021 Neco Model Questions Vol1 Agricultural Science examination.

Neco Model Questions Vol1 2021 Agricultural Science Objective / Multiple Choice Medium Difficulty
Question 15 NECO_MODEL_QUESTIONS_VOL1 • 2021 • AGRICULTURAL_SCIENCE • objective

A poultry farm keeps 250 laying hens, each laying an average of 280 eggs per year. Fixed overheads amount to ₦180,000 per year. Variable cost is ₦12 per dozen eggs produced. The market price is ₦150 per dozen. What is the minimum number of dozens of eggs that must be sold each year to achieve a profit of at least ₦50,000?

Answer Options

A. 1,800 dozens
Correct Answer B. 1,667 dozens
C. 1,500 dozens
D. 2,000 dozens
Correct Answer
B
Correct Option:
1,667 dozens

About This Question

This is Neco Model Questions Vol1 2021 Agricultural Science Question 15. It is one of the objective questions from the 2021 Neco Model Questions Vol1 Agricultural Science examination.

Difficulty level: Medium .

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