Neco Model Questions Vol1 2021 Agricultural Science Question 36

Practice objective / multiple choice question 36 from the 2021 Neco Model Questions Vol1 Agricultural Science examination.

Neco Model Questions Vol1 2021 Agricultural Science Objective / Multiple Choice Hard Difficulty
Question 36 NECO_MODEL_QUESTIONS_VOL1 • 2021 • AGRICULTURAL_SCIENCE • objective

A farmer is advised to adopt a new fertilizer regime. The fertilizer costs \(N250\) per hectare. It is expected to increase yield by \(2\) tonnes per hectare, and the market price of the crop is \(N1200\) per tonne. The regime also saves the farmer \(N150\) per hectare in pesticide costs. However, there is a \(20\%\) chance of heavy rain that will reduce the yield increase by \(40\%\). Compute the expected net profit per hectare from adopting the regime and state whether it meets the farmer's minimum required profit of \(N2000\) per hectare.

Answer Options

A. Yes, the expected net profit is N2200 per hectare, which exceeds the required N2000.
B. No, the expected net profit is N2108 per hectare, which does not meet the required N2000.
C. Yes, the expected net profit is N1900 per hectare, which exceeds the required N2000.
Correct Answer D. Yes, the expected net profit is N2108 per hectare, which exceeds the required N2000.
Correct Answer
D
Correct Option:
Yes, the expected net profit is N2108 per hectare, which exceeds the required N2000.

About This Question

This is Neco Model Questions Vol1 2021 Agricultural Science Question 36. It is one of the objective questions from the 2021 Neco Model Questions Vol1 Agricultural Science examination.

Difficulty level: Hard .

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