Neco Model Questions Vol1 2022 Agricultural Science Question 45
Practice objective / multiple choice question 45 from the 2022 Neco Model Questions Vol1 Agricultural Science examination.
A farmer cultivates \(5\) ha of maize. The fixed cost for the whole farm is N200 000. Variable cost per hectare consists of a base cost of N1 500 plus N0.20 for each kilogram of fertilizer applied per hectare. The yield (tons per hectare) as a function of fertilizer applied (kg ha⁻¹) is given by\n\n\( Y = 2 + 0.005F - 0.000001F^{2} \),\n\nwhere \(F\) is the fertilizer rate. The market price of maize is N2 500 per ton. Determine the fertilizer rate \(F\) (kg ha⁻¹) that maximizes the farmer's total profit, and compute the maximum total profit (in Naira, rounded to the nearest Naira).
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This is Neco Model Questions Vol1 2022 Agricultural Science Question 45. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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