Neco Model Questions Vol1 2022 Agricultural Science Question 22
Practice objective / multiple choice question 22 from the 2022 Neco Model Questions Vol1 Agricultural Science examination.
The adoption rate of a new farming practice is modelled by the function \(A(N)=0.4+0.1\ln(N+1)\), where \(N\) is the number of extension agents per 1,000 farmers and \(A\) is the proportion of farmers adopting the practice (capped at 0.8). Each agent costs ₦500,000 per year. Determine the smallest integer value of \(N\) that will achieve at least a 70\% adoption rate and compute the corresponding annual budget for the agents.
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This is Neco Model Questions Vol1 2022 Agricultural Science Question 22. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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