Neco Model Questions Vol1 2021 Agricultural Science Question 40
Practice objective / multiple choice question 40 from the 2021 Neco Model Questions Vol1 Agricultural Science examination.
A farm produces 2000 kg of tomatoes per month. Fixed costs are \(N80,000\) per month and variable cost is \(N30\) per kg. If the market price is \(N55\) per kg, calculate the break‑even production quantity. Then, if the price falls to \(N45\) per kg, determine the new break‑even quantity and the percentage increase in the required production compared with the original break‑even level.
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About This Question
This is Neco Model Questions Vol1 2021 Agricultural Science Question 40. It is one of the objective questions from the 2021 Neco Model Questions Vol1 Agricultural Science examination.
Difficulty level: Medium .
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